In the Solow growth model without continuous technology improvements, the principal obstacle to continuous growth in output per capita is the declining marginal product of capital. low saving rate. high depreciation rate. None of the above
In the Solow growth model without continuous technology improvements, the principal obstacle to continuous growth in output per capita is the declining marginal product of capital. low saving rate. high depreciation rate. None of the above
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter16: Mastering Financial Management
Section: Chapter Questions
Problem 2DQ
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In the Solow growth model without continuous technology improvements, the principal obstacle to continuous growth in output per capita is
the declining marginal product of capital.
low saving rate.
high
None of the above
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