quiz Macro 3 ENG

Every year the economy grows by 2%. In how many years will this economy double in size (according to the rule of 70)?

The Solow model considers four factors of production

• True

• False

The Solow model assumes that the depreciation rate depends on investment

• True

• False

In the Solow model, the population growth rate is assumed to be constant

• True

• False

• True

• False