
In the Solow growth model,countries with identical total factor productivities,identical labour force growth rates,and identical savings rates
A) always have identical levels of capital per worker and output per worker.
B) in equilibrium, have identical levels of capital per worker and output per worker.
C) in equilibrium, have identical levels of capital per worker but not necessarily identical levels of output per worker.
D) in equilibrium, have identical levels of output per worker but not necessarily identical levels of capital per worker.
E) there is no convergence to the same level of capital per worker or output per worker.
Correct Answer:
Verified
Q15: If monopoly power is not protected by
Q16: Countries do not have access to the
Q17: What can governments do to promote economic
Q18: Parente and Prescott provide evidence that total
Q19: Income per worker has been
A) converging in
Q21: Total factor productivity growth involves
A) spending on
Q22: Paul Romer argues that a key feature
Q23: According to research by Charles Jones and
Q24: In the equation describing the accumulation of
Q25: Which of the following is a drawback
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents