Solow's growth model improved upon the Harrod-Domar results by
a. incorporating technological change into the model
b. making a economic growth a reasonable outcome rather than one dictated by specialcircumstances
c. assuming that GDP would fluctuate, rather than grow steadily
d. removing investment from the model
e. none of the above
B
Economics
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Refer to Table 9-11. Prior to trade, what was the opportunity cost to produce 1 hat in Belize?
A) 1/2 of a clock B) 2/3 of a clock C) 1.5 clocks D) 2 clocks
Economics
Which of the following is FALSE about services trade for India and China?
A) China exports more services than India does. B) India has a trade surplus in services. C) China has a trade surplus in services. D) India trades primarily information services and other business services.
Economics