QUESTION 22whereas in the Solow modelIn the Romer model, the balanced growth path is equal toOAG-A; the steady-state level of capital is zeroOB.0; infinity; the growth rate declines as economy approaches the steady stateO D. the level of the number researchers in an economy; capital is scarceOE. g=lL: there is a steady stateGH.K.V.MControlAlt無要換Alt

The Romer growth model was developed by Paul Romer, Romer developed the theory of endogenous…

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In the Romer model, the balanced growth path is equal to whereas in the Solow model

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In the Solow growth model, the main obstacle to continuous growth in output per effective worker is: the declining marginal product of capital the limits in the ability of government policymakers the depreciation of capital too little savings the declining marginal product of labour
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