Which of the following best answers the question,Can growth in the labor force lead to overall economic growth?
A)Population growth can produce growth in the Solow model in the aggregate but not in output per person.
B)Total capital and total production can grow as the population of the economy grows.
C)Never-only capital contributes to aggregate economic growth.
D)Population growth can produce growth in the Solow model in the aggregate and in output per person.
E)a and b are correct.

Question

Quizplus · Accepted Answer

Population growth can lead to overall economic growth in the aggregate, as described in the Solow model, but it does not necessarily increase output per person. Total capital and production can grow with a larger labor force, supporting economic growth.

Which of the Following Best Answers the Question,Can Growth in the Labor