The Solow model predicts that a country will grow more rapidly the:
A) further its capital stock is above its steady-state value.
B) further its capital stock is below its steady-state value.
C) closer its capital stock is to its steady-state value from above.
D) closer its capital stock is to its steady-state value from below.
Correct Answer:
Verified
Q54: In the long run,catching-up growth:
A) can continue
Q55: Among countries with similar Solow steady states,poorer
Q56: Conditional convergence refers to the condition that
Q57: Conditional convergence implies that there is _
Q58: Provided they have the same steady state,the
Q60: Which statement is consistent with the predictions
Q61: Better ideas or technological knowledge causes:
A) the
Q62: The growth that results from better ideas
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