The Solow model with population growth predicts that a. total income and total capital grow at the same rate in the long run b. per worker income and per worker capital grow at the same rate in the short run c. per worker income and per worker capital grow in a balanced way in the long run d. per worker income and per worker consumption grow in a balanced way in the long run e. c and d
The Solow model with population growth predicts that a. total income and total capital grow at the same rate in the long run b. per worker income and per worker capital grow at the same rate in the short run c. per worker income and per worker capital grow in a balanced way in the long run d. per worker income and per worker consumption grow in a balanced way in the long run e. c and d
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The Solow model with population growth predicts that
a. total income and total capital grow at the same rate in the long run
b. per worker income and per worker capital grow at the same rate in the short run
c. per worker income and per worker capital grow in a balanced way in the long run
d. per worker income and per worker consumption grow in a balanced way in the long run
e. c and d
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