In the neoclassical growth model without technological progress, the steady-state growth rate of per capita output is
a. the growth of technology plus the growth of population.
b. the growth of population.
c. the growth of technology.
d. the growth of technology plus population plus depreciation.
C
Economics
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By 1860, over one-half of all Southern farms utilized slave labor
Indicate whether the statement is true or false
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A country uses strategic trade policy to
A) increase profits that accrue to domestic producers. B) affect the exchange rate of its currency. C) impose countervailing duties. D) allow dumping of imports to increase consumer surplus.
Economics