The Solow model implies that continuous growth in productivity at a rate of one percent will result in continuous growth of output per worker at a rate of 1.43%
Thus, if at a point in time output per worker is 270 and productivity rises by one percent, the resulting level of output per worker is ________. A) 386
B) 273
C) 274
D) 277
C
Economics
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The demand for organically grown food is
A) increasing. B) decreasing. C) stagnant. D) unpredictable.
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The budget deficit/surplus projections for 2005 that were made in 2001 were wrong, because there was an
A. anticipated increase in immigration. B. anticipated increase in defense spending. C. unanticipated increase in interest rates. D. unanticipated increase in war-related spending.
Economics