In the endogenous growth model, a) the growth rate of human capital is equal to the growth rate of output. b) the growth rate of output is greater than to the growth rate of human capital. c) None of the answers are correct d) the growth rate of capital is less than the growth rate of output. e) the growth rate of human capital is greater than the growth rate of output.
In the endogenous growth model, a) the growth rate of human capital is equal to the growth rate of output. b) the growth rate of output is greater than to the growth rate of human capital. c) None of the answers are correct d) the growth rate of capital is less than the growth rate of output. e) the growth rate of human capital is greater than the growth rate of output.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In the endogenous growth model,
a) the growth rate of human capital is equal to the growth rate of output.
b) the growth rate of output is greater than to the growth rate of human capital.
c) None of the answers are correct
d) the growth rate of capital is less than the growth rate of output.
e) the growth rate of human capital is greater than the growth rate of output.
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