In the steady state in the Solow growth model, the economy is in equilibrium with the capital-labor ratio and real GDP per worker ________, and with capital, labor, and real GDP ________
A) constant; constant
B) growing; constant
C) constant; growing
D) growing; growing
C
Economics
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Refer to the figure above. With the tariff, the government collects
A) $50,000. B) $60,000. C) $100,000. D) $220,000.
Economics
Commodities that last less than three years and may be consumed very quickly are called:
A) durable goods B) nondurable goods C) services D) none of the above
Economics