Assume We Have a Simple Endogenous Growth Model Where Technology

question 32

Multiple Choice

Assume we have a simple endogenous growth model where technology is labor augmenting, that is, Y = F(K,AN) , and also proportional to the capital-labor ratio, such that y = ak.In this case, the growth rate of GDP per capita can be expressed by

• A)sa + (n + d)
• B)sa - (n + d)
• C)sa - (n + d)k
• D)sa + (n - d)k
• E)sk - (n + d)a

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Definitions:

Taste Buds

Sensory organs on the tongue that are responsible for detecting and distinguishing the five elements of taste perception: sweet, sour, salty, bitter, and umami.

Organic Substances

Organic substances refer to chemical compounds that contain carbon-hydrogen bonds, typically associated with living organisms.

Chemical Substances

Materials with definite chemical compositions, which can be elements or compounds, involved in chemical processes.

Tactile Stimulation

Physical contact or touch that can produce responses or stimuli, playing an essential role in human development and emotional connections.