With population growth at rate n and labour-augmenting technological progress at rate g,the Golden Rule steady state requires that the marginal product of capital (MPK) :
A) net of depreciation be equal to n + g.
B) net of depreciation be equal to the depreciation rate plus n + g.
C) plus n be equal to the depreciation rate plus g.
D) plus g be equal to the depreciation rate plus n.
Correct Answer:
Verified
Q1: The number of effective workers takes into
Q2: Over the past 50 years in the
Q6: In the Solow growth model with population
Q10: The Solow model predicts that two economies
Q10: In the Solow growth model,the steady-state growth
Q12: The efficiency of labour:
A) is the marginal
Q13: In the Solow model with technological change,
Q17: Conditional convergence occurs when economies converge to:
A)
Q17: If the labour force is growing at
Q20: In the Solow model with technological progress,by
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