In the steady state in the Solow growth model,the economy is in equilibrium with the capital-labour ratio and real GDP per worker ________,and with capital,labour,and real GDP ________.

Question

Quizplus · Accepted Answer

In the steady state of the Solow growth model, the capital-labour ratio and real GDP per worker are constant, while capital, labour, and real GDP grow at the rate of population growth.

In the Steady State in the Solow Growth Model,the Economy