In the Solow growth model, countries with identical total factor productivities, identical labor force growth rates, and identical savings rates
A) always have identical levels of capital per worker and output per worker.
B) in equilibrium, have identical levels of capital per worker and output per worker.
C) in equilibrium, have identical levels of capital per worker but not necessarily identical levels of output per worker.
D) in equilibrium, have identical levels of output per worker but not necessarily identical levels of capital per worker.
B
You might also like to view...
If the price changes for a good for which the demand is perfectly inelastic, the response will be infinitely large.
Answer the following statement true (T) or false (F)
The movement of production to affiliate firms outside of the country is known as outsourcing
Indicate whether the statement is true or false
There are no gainers from discrimination
Indicate whether the statement is true or false
What was not one of the primary reasons why people opposed the First and Second Banks of the United States?
a. They printed too much money and triggered a substantial inflation. b. They had monopoly control over some banking activities. c. They were unconstitutional. d. They did not provide sufficiently generous lending policies.