Sınav gezintisiSoru 2Chapter 8: Economic Growth I: Capital Accumulation and Population GrowthHenüz134.6.cevaplanmadı5,00 üzerindenQuestion: If the capital stock in the Solow growth is constant, the ....... determines the level of output10111213141516işaretlenmişand theestablishes the distribution of output between ...... andP Soruyu1920işaretleO a.depreciation rate / population growth rate / wages/ profits.Uygulamayı bitir .Kalan süre 0:23:27b.production function/ saving rate/ consumption/investment.O c.population growth rate / saving rate /wages /profits.Od.production function/ saving rate /wages/ profits.e.saving rate/ production function / consumption/investment.TUR

Solow growth model is the one which analyses output changes in the economy due to the changes in…

Chapter 8: Economic Growth I: Capital Accumulation and Population Growth Question: If the capital stock in the Solow growth is constant, the . .. determines the level of output and the ...... establishes the distribution of output between and ******... ....... .... O a. depreciation rate / population growth rate / wages / profits. O b. production function/ saving rate / consumption / investment. population growth rate / saving rate /wages/profits. Od. production function / saving rate/wages / profits. O e saving rate / production function / consumption / investment.

Chapter 8: Economic Growth I: Capital Accumulation and Population Growth Question: If the capital stock in the Solow growth is constant, the . .. determines the level of output and the ...... establishes the distribution of output between and ******... ....... .... O a. depreciation rate / population growth rate / wages / profits. O b. production function/ saving rate / consumption / investment. population growth rate / saving rate /wages/profits. Od. production function / saving rate/wages / profits. O e saving rate / production function / consumption / investment.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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21) Assume the Solow growth model. Suppose two countries that are similar in everything except in the savings rates. If country A has a lower saving rate than country B, then: (choose one) -Country A grows faster than country B in the long run. -Both countries growth at the same rate in the long run. -Country B grows faster than country A in the long run. -Both countries have the same standard of living in the long run. 22) In the two-sided search model from Chapter 6, an increase in worker bargaining power “a” looks the same in graphs as does either an increase in unemployment insurance benefit “b” or the introduction of a minimum wage above the initial market wage. (choose one) -true -false
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1. In the Solow economic growth model, the steady-state K/N ratio transpires a) where sf(k) = (n+d)k b) where the slope of sf(k) equals the slope of (n+d)k c) where cf(k) is maximized d) where cf(k) = o e) band c only 2. The modemization of Solow's economic growth model has defined sf(k) as: a) The break-even investment level b) The capacity-driven investment level c) The minimum capital investment requirement d) The capital-deepening investment level 3. In the Romer endogenous growth model, 44/A a) is not the growth residual determined by endogenous factors b) is not the product of interaction between human capital and innovative changes in knowledge c) is not explained by the methodology of growth accounting d) does not shift the (n+d)k curve upward. 4. Romer's endogenous growth model would not advocate: a) For an increase in government expenditure on targeted research and development b) For an elimination of government expenditure on early childhood education c) For an elimination…
167. Explain how rapid population growth can contribute to rapid economic growth even when Solow and other models all show that population growth reduces the level of income in the early stage. *3-4 paragraphs*
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(5 points) Suppose that the marginal product of capital satisfies the following condition: lim fr = A > (8 + n)/s. 00 L Show this model in the context of the above Solow growth model. What does this imply about the existence of a steady state? Will growth in per-capita GDP be continual?
Explain to me how solow growth and endogenous growth have relation to the standard of living of a country?
7. Suppose that the economy's production function is Y = √K√LA where K is capital, L is labor, and A is the state of technology. Suppose that the saving rate (s) is equal to 6%, the rate of depreciation of capital (8) is equal to 5%, the number of workers grow at 5% per year and the rate of technological progress is 4%. (a) Find the steady state values of: iv. growth rate of output per worker growth rate of output v. (b) Suppose that the saving rate increases. What is its short-run and the long-run effect on the growth rate of per-capita output?
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12. According to Solow's model of economic growth, what determines the growth rate of income per person for a nation that is not in its steady state? What determines the growth rate of income per person for a nation that is in its steady state? In what sense is technological progress necessary for sustained growth of income per person in Solow's model?