Solved

Which of the Following Statements Best Represents the Impact of Technological

Question 77

Multiple Choice

Which of the following statements best represents the impact of technological progress in the Solow growth model?


A) There must be increases in the quality and quantity of consumption for long-term growth to be achieved.
B) Technological progress is necessary to achieve the steady-state level of consumption per worker.
C) There must be increases in the quality and quantity of capital for long-term growth to be achieved.
D) Technological progress allows for an increase in the saving rate.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents