QESTION 6 for which of the following does the Solow model NOT provide adequate explanation? a. What causes long-term economic growthb. The case of productivity differences across countriesc. Why saving rates differ across countries d. All of these answers are correcte. Why population growth rates differ across countries
Using the Solow model, if, in time, t=0, the initial capital stock is 100, investment is 25, the population is normalized to 1, and e 10 percent, then capital accumulation from period t=0 to period t=1 is: a. 15b. 115 c. 35d. D. 0e. -15
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