In the growth model, we assumed the savings rate was given by ________, which is exogenous, but from the chapter on investment, we know it is equal to ________.
A) the saving rate; the growth rate of capital
D) a savings shock;
E) total factor productivity;

Question

In the growth model, we assumed the savings rate was given by ________, which is exogenous, but from the chapter on investment, we know it is equal to ________.
A) the saving rate; the growth rate of capital 
D) a savings shock; 
E) total factor productivity;

Quizplus · Accepted Answer

The Answer of In the growth model, we assumed the savings rate was given by ________, which is exogenous, but from the chapter on investment, we know it is equal to ________.
A) the saving rate; the growth rate of capital 
D) a savings shock; 
E) total factor productivity;

In the Growth Model, We Assumed the Savings Rate Was