In the neoclassical growth model, if two countries are exactly the same but one has a lower population growth, we would expect that country to have
a. higher output, a higher capital-to-labor ratio, and higher per capita output growth in the steady state.
b. the same output and capital-to-labor ratio, but higher per capita output growth in the steady state.
c. higher output, a higher capital-to-labor ratio, and the same per capita output growth in the steady state.
d. higher output, the same capital-to-labor ratio, and the same per capita output growth in the steady state.
B
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Answer the following statement true (T) or false (F)
Capital deepening will occur as long as total saving is greater than depreciation
Indicate whether the statement is true or false
The amount you pay for apps to download to your cell phone is an example of a(n) ________ cost
A) implicit B) opportunity C) explicit D) network
When the market value of the dollar falls relative to other currencies around the world, we say that
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