The Balanced Growth Property of the Solow Model with Population

question 23

Multiple Choice

The balanced growth property of the Solow model with population growth and technological progress predicts which of the following sets of variables will grow at the same rate in the steady state?

• A)output per effective worker, capital per effective worker, real wage
• B)output per worker, capital per worker, real wage
• C)real rental price of capital, real wage, output per worker
• D)capital-output ratio, output per worker, capital per worker

---

Definitions:

Logrolling Technique

A method used to move a patient by keeping the body straight and preventing twisting, especially after spinal injuries.

Draw Sheet

A sheet placed across the middle of a bed, under the patient, used to help reposition them without causing discomfort or skin damage.

Hip Replacement Surgery

A surgical procedure in which a diseased or damaged hip joint is replaced with an artificial joint or prosthesis.

Emphysema

A chronic respiratory disease characterized by the destruction of air sacs in the lungs, leading to breathing difficulties.