In the endogenous growth model presented in the text, suppose that u represents the fraction of time spent working (as opposed to accumulating human capital) and b represents the efficiency of human...


In the endogenous growth model presented in the text, suppose that u represents the fraction of time spent working (as opposed to accumulating human capital) and b represents the efficiency of human cap.<br>accumulation. The growth rate of consumption equals<br>O A. (1-b)(1-u).<br>O B. b(1-u?.<br>OC. b(1-u) - 1.<br>O D. 1+b(1 - u).<br>O E. u(1-b) -1.<br>

Extracted text: In the endogenous growth model presented in the text, suppose that u represents the fraction of time spent working (as opposed to accumulating human capital) and b represents the efficiency of human cap. accumulation. The growth rate of consumption equals O A. (1-b)(1-u). O B. b(1-u?. OC. b(1-u) - 1. O D. 1+b(1 - u). O E. u(1-b) -1.

Jun 09, 2022
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