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Author Question: In the neoclassical growth model, if two countries are exactly the same but one has a lower ... (Read 47 times)

s.tung

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In the neoclassical growth model, if two countries are exactly the same but one has a lower permanent budget deficit, we would expect that country to have
 
  a. higher output, a higher capital-to-labor ratio, and higher output growth in the steady state.
  b. the same output and capital-to-labor ratio, but higher output growth in the steady state.
  c. higher output, the same capital-to-labor ratio, and the same output growth in the steady state.
  d. higher output, a higher capital-to-labor ratio, and the same output growth in the steady state.

Question 2

There is no possible economic relationship between the birth rate and the availability of arable land.
 
  Indicate whether the statement is true or false



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bobsmith

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Answer to Question 1

D

Answer to Question 2

False




s.tung

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Reply 2 on: Jun 30, 2018
Excellent


cici

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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