In the Neoclassical Growth Model, If the Capital-Labor Ratio Is

question 4

Multiple Choice

In the neoclassical growth model, if the capital-labor ratio is below the (optimal) steady-state level, we should expect that

• A)economic growth will continue to decline unless technological advances are made
• B)income per capita will decrease since gross investment is not sufficient to supply new workers with adequate capital
• C)the savings rate will decline due to the lack of economic growth
• D)all of the above
• E)none of the above

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