In the Solow growth model, an increase in the savings rate A) raises steady state per capita ...

Author Question: In the Solow growth model, an increase in the savings rate A) raises steady state per capita ... (Read 153 times)

maegan_martin

Hero Member
Posts: 532

on: Jun 30, 2018

In the Solow growth model, an increase in the savings rate

A) raises steady state per capita output.
B) raises the growth rate in aggregate output.
C) must reduce per capita consumption.
D) must reduce the standard of living.

Question 2

What is approximately the growth rate of real GDP using base year 1?

A) 13
B) 20
C) 33
D) 39

meganlapinski

Sr. Member
Posts: 333

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

A

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