In the Solow growth model of an economy with population growth but no technological change,which of the following will generate a higher steady-state growth rate of total output?

Question

Quizplus · Accepted Answer

In the Solow growth model, the steady-state growth rate of total output is determined by the population growth rate when there is no technological change. A higher population growth rate increases the growth rate of total output in the steady state.

In the Solow Growth Model of an Economy with Population