In the combined Solow-Romer model, the growth rate of total output, using the standard production function, is given as $g _ { Y } = g _ { A } \times ( 1 / 3 ) g _ { X } \times ( 2 / 3 ) g _ { L y }$
.

Question

In the combined Solow-Romer model, the growth rate of total output, using the standard production function, is given as $g _ { Y } = g _ { A } \times ( 1 / 3 ) g _ { X } \times ( 2 / 3 ) g _ { L y }$ 
.

Quizplus · Accepted Answer

The equation provided is the correct formula for the growth rate of total output in the combined Solow-Romer model using the standard production function.

In the Combined Solow-Romer Model, the Growth Rate of Total gY=gA×(1/3)gX×(2/3)gLyg _ { Y } = g _ { A } \times ( 1 / 3 ) g _ { X } \times ( 2 / 3 ) g _ { L y }gY​=gA​×(1/3)gX​×(2/3)gLy​

In the Combined Solow-Romer Model, the Growth Rate of Total $g _ { Y } = g _ { A } \times ( 1 / 3 ) g _ { X } \times ( 2 / 3 ) g _ { L y }$