Long-Run Growth in the Standard of Living in the Solow

question 9

Multiple Choice

Long-run growth in the standard of living in the Solow growth model is explained by

• A)consumption spending.
• B)technological change.
• C)growth in the capital stock.
• D)a decline in the importance of the government sector.
• E)growth in government.

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Definitions:

Cleavage

In geology, the tendency of minerals to break along flat, parallel surfaces related to the arrangement of atoms within the mineral.

Anticline

A type of fold in the Earth's crust that is convex up and has its oldest beds at its core.

Joint

A fracture or separation in rock in which there has been no significant movement of the sides relative to one another.

Geologic Processes

The natural mechanisms through which Earth's surface is shaped and changed over time, including erosion, sedimentation, and tectonic movements.