QUESTION 6 The Solow growth model shows that O A. in the absence of productivity growth, economic growth will turn negative in the long run. O B. productivity growth must exceed the rate of growth of the population to avoid a steady state in the long run. C. in the absence of productivity growth, economic growth will reach a steady state of zero per capita growth in the long run. O D. productivity growth will inevitably decline due to diminishing marginal productivity.

QUESTION 6 The Solow growth model shows that O A. in the absence of productivity growth, economic growth will turn negative in the long run. O B. productivity growth must exceed the rate of growth of the population to avoid a steady state in the long run. C. in the absence of productivity growth, economic growth will reach a steady state of zero per capita growth in the long run. O D. productivity growth will inevitably decline due to diminishing marginal productivity.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 5P

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