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:

Lynched

Denotes an act of murder carried out by a mob through hanging, often without legal trial, primarily targeting African Americans in the United States.

Black Soldier

Typically refers to African American military personnel who have served in various capacities in the U.S. armed forces, historically facing segregation and discrimination.

White Police

Refers to police officers who are of Caucasian or European ancestry, often discussed in contexts relating to racial dynamics and law enforcement.

1943

A year during the 20th century, significant for events in World War II and other global developments.