
According to Solow's exogenous growth theory,what happens to a country at steady state that suffered extensive capital destruction due to a war or climate event?
A) It will stay poor forever.
B) It will grow back to be richer than before.
C) It will get back to its original status.
D) Anything can happen.
Correct Answer:
Verified
Q2: Endogenous growth theory is about
A) the welfare
Q3: Barriers to Riches,by S. Parente and E.
Q4: In the endogenous growth model,an increase in
Q5: Human capital is knowledge in
A) books.
B) people.
C)
Q6: In the endogenous growth model,human capital accumulation
Q8: Suppose a poor economy inches towards the
Q9: When countries converge,
A) they all grow at
Q10: In the endogenous growth model,workers divide their
Q11: Which of the following is not a
Q12: Human capital is
A) knowledge found in books.
B)
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