Quizziz vĩ mô cs

An increase in population growth rate n causes …  in break-even investment, leading to a lower steady-state level of k

• An increase

• An decrease 

• A constant

Which is NOT a policy to promote economic growth?

• Provide incentive for saving

• Encourage investment

• Encourage population growth

• Encourage technological progress

The production function of Extended Solow growth model with technological progress is: 

The Golden Rule steady-state growth rates in the Solow model with technological progress:

The Solow Growth Model is criticized as explaining everything but growth, is one of the so-called ...

• exogenous growth theory

• endogenous growth theory

• All the answers above.

• None of them.

Technological progress increasing labor efficiency at the exogenous rate g is:

• Endogenous technology

• The efficiency-wage model 

• Labor-augmenting

• The Golden Rule model

Steady-state growth rate of Total Output in the Solow model with technological progress is:

• 0

• n + g

• g

The Solow Model shows that different economies converge to different steady state position in the long run, dependent upon:

• The saving rate

• The rate of population growth

• All the answers above.

• None of them.

According to Solow model, a country with a higher saving rate and a lower population growth rate will have:

• a lower level of output per effective labor in the short run.

• a higher level of output per effective labor in the long run.

• a higher level of output per effective labor in the short run.

• a lower level of output per effective labor in the long run.