An Important Conclusion from Solow's Work on Long-Run Growth Is

question 21

Multiple Choice

An important conclusion from Solow's work on long-run growth is that

• A) in the steady state, both capital stock and output grow at a slower rate than the labor force.
• B) the economy's growth rate does not depend on the savings rate.
• C) economies that save more experience a higher growth rate.
• D) in the steady state, both capital stock and output grow at the same rate as the labor force.
• E) b and d.

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