In the Endogenous Growth Model

question 30

Multiple Choice

In the endogenous growth model

• A)growth depends on the government sector.
• B)growth depends on the efficiency of human capital accumulation and the time devoted to it.
• C)growth depends on international trade.
• D)countries with different initial human capital will converge in the steady state.
• E)growth ceases in the steady state.

---

Definitions:

Variable Substitution

In mathematics, this involves replacing variables with other variables or values to simplify expressions or solve equations.

Mathematical Expression

A combination of numbers, operations, and sometimes variables that represents a mathematical relationship or value.

Exponentiation

The mathematical operation involving the raising of a number to the power of another number.

Mathematical Expression

A combination of numbers, operations, and symbols forming a meaningful equation or inequality.