Author Question: In the Solow model, which of the following is an endogenous variable? A) output per worker B) ... (Read 31 times)

audragclark · **on:** Jun 30, 2018

In the Solow model, which of the following is an endogenous variable?

A) output per worker
B) government spending
C) the saving rate
D) the depreciation rate

Question 2

The government budget constraint says that ________.

A) the difference between spending and revenues must equal the amount of new bond issues
B) increases in spending must be matched by increases in revenue
C) interest on government debt must be paid before tax revenues are spent on goods and services or disbursed as transfer payments
D) state and local governments, in aggregate, cannot spend more than the federal government