In the Solow model with population growth and labor augmenting technological progress, with depreciation rate 8, population growth rate n, and technological growth rate g, the number of effective workers grows at the rate of: O a. n+g. b. O c. n+ 8. O d. n-g. n+g+8.

In the Solow model with population growth and labor augmenting technological progress, with depreciation rate 8, population growth rate n, and technological growth rate g, the number of effective workers grows at the rate of: O a. n+g. b. O c. n+ 8. O d. n-g. n+g+8.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In the Solow model with population growth and labor augmenting technological progress, with depreciation rate 8, population growth
rate n, and technological growth rate g, the number of effective workers grows at the rate of:
a.
b.
n+g.
n+g+8.
n +8.
c.
d. n-g.

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