Assume an Endogenous Growth Model with Labor Augmenting Technology

question 30

Multiple Choice

Assume an endogenous growth model with labor augmenting technology.The production function is Y = F(K,AN) , where A = 2(K/N) such that y = 2k.If the savings rate is s = 0.06, the rate of population growth is n = 0.05, and the rate of depreciation is d = 0.04, then the growth rate of real output per capita is

• A)1%
• B)3%
• C)5%
• D)6%
• E)9%

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Definitions:

Carryover Effect

A phenomenon where the effect of a previous condition or treatment persists and influences outcomes in subsequent conditions or treatments.

Drug Administration

The method by which a drug is taken into the body, including various routes such as oral, intravenous, intramuscular, or topical.

Latin Squares

A statistical design used in experiments that involves arranging treatments in a square matrix to control for two confounding variables simultaneously.

Order Effects

Refers to how the sequence of presenting stimuli or questions can affect the response or performance of participants in an experiment.