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

Differentiate between inductive and deductive reasoning and their application in psychological research.

Explain the significance of statistical analysis in evaluating research findings.

Distinguish between positive and negative correlations and their implications in research studies.

Understand the limitations of research methods such as case studies and their impact on generalizability.

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Definitions:

Acquired Drive

A learned or developed motivational state that emerges from the experience of satisfying basic physiological needs.

Approval

The act of accepting or sanctioning something, often expressed formally by an authoritative figure or institution.

Outfit

A set of clothes worn together, often planned for a specific occasion or purpose.

Carol Dweck's Theory

A psychological theory proposing the existence of two mindsets—the fixed mindset and the growth mindset—that significantly influence how people view their abilities and approach challenges in life.