In the Solow growth model,human capital will increase if (choose the best answer):
A) there are more workers.
B) workers are better educated.
C) there are more workers and/or existing workers become better educated and skilled.
D) real wages increase.
E) there is an increase in production.

Question

Quizplus · Accepted Answer

Human capital increases when there are more workers and/or existing workers become better educated and skilled.

In the Solow Growth Model,human Capital Will Increase If (Choose