2 Question 9Which of the following statements is true?1. If output per head is proportional to the number of ideas had in the past, then a constantrate of growth requires ever rising numbers of new ideas each year.2. World population growth is a potential source of new ideas.a) Both 1 and 2b) 1 onlyc) 2 onlyd) Neither 1 nor 2Question 10Which of the following statements about y=Ak growth models is false?a) They assume the production function shifts upwards whenever the stock of physicalcapital increases.b) They suggest that if the level of investment is higher than depreciation, then therecould be sustained growth.c) They are called endogenous growth theories.d) They argue that increasing the saving ratio will have only a temporary effect onoutput per worker.

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Which of the following statements is true? 1. If output per head is proportional to the number of ideas had in the past, then a constant rate of growth requires ever rising numbers of new ideas each year. 2. World population growth is a potential source of new ideas. a) Both 1 and 2 b) 1 only c) 2 only d) Neither 1 nor 2

Which of the following statements is true? 1. If output per head is proportional to the number of ideas had in the past, then a constant rate of growth requires ever rising numbers of new ideas each year. 2. World population growth is a potential source of new ideas. a) Both 1 and 2 b) 1 only c) 2 only d) Neither 1 nor 2

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 4P

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