If the Saving Rate Increases in the Solow Growth Model

question 43

Multiple Choice

If the saving rate increases in the Solow growth model, then in the steady state:

• A)capital per worker and the growth of capital will be higher.
• B)capital per worker will be higher but the growth rate of capital will remain the same at zero.
• C)capital per worker will be higher but the growth rate of capital will be lower.
• D)capital per worker will be lower but the growth rate of capital will be higher.

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