For a Neoclassical Growth Model, Which of the Following Statements

question 20

Multiple Choice

For a neoclassical growth model, which of the following statements is FALSE?

• A)an increase in the savings rate will increase the steady-state growth rate of aggregate output
• B)an increase in population growth will increase the steady-state growth rate of aggregate output
• C)an increase in population growth will reduce the steady-state level of income per capita
• D) if poor countries save at the same rate as rich countries and have access to the same technology, they will eventually catch up
• E)long-run growth results from improvements in technology

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