In a Solow Model with Technological Change, If Population Grows

question 40

Multiple Choice

In a Solow model with technological change, if population grows at a 2 percent rate and the efficiency of labor grows at a 3 percent rate, then in the steady state, output per effective worker grows at a percent rate.

• A)0
• B)2
• C)3
• D)5

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Definitions:

Humans

are bipedal primates belonging to the species Homo sapiens, characterized by their ability to create complex tools, languages, and societies.

Nativist View

The perspective that certain skills or abilities are innate and hardwired into the brain at birth.

Language Development

The process by which children come to understand and communicate language during early childhood.

Sensorimotor Stage

The first of Piaget's developmental stages, from birth to about 2 years of age, where infants learn about their environment through sensory experiences and motor activities.