In the Solow Growth Model, Countries with Identical Total Factor

question 5

Multiple Choice

In the Solow growth model, countries with identical total factor productivities, identical labour force growth rates, and identical savings rates

• A)in equilibrium, have identical levels of capital per worker and output per worker.
• B)in equilibrium, have identical levels of capital per worker but not necessarily identical levels of output per worker.
• C)in equilibrium, have identical levels of output per worker but not necessarily identical levels of capital per worker.
• D)always have identical levels of capital per worker and output per worker.
• E)there is no convergence to the same level of capital per worker or output per worker.

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Definitions:

Collectivism

A cultural value that emphasizes the importance of groups and collective action over individual interests or identities.

Big Five Personality Dimensions

Five broad domains that define human personality and account for individual differences: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative or sympathetic attitude towards others.

Big Five Personality Dimensions

A model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.