According to the Solow Growth Model, in the Long-Run Steady

question 35

Multiple Choice

According to the Solow growth model, in the long-run steady state, all real aggregate quantities grow

• A)at the same rate as per worker capital.
• B)depending on how consumption affects population growth.
• C)according to the savings rate in the economy, s.
• D)at the same rate as consumption per worker.
• E)at the rate n, the growth rate of the labour force.

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Definitions:

Sisu

A Finnish concept referring to a unique form of resilience or courage in the face of adversity.

Mental

Relating to processes of the mind or intellectual activities.

Physical Ability

The capacity to perform physical tasks or activities, including strength, flexibility, and endurance.

Courage

The mental or moral strength to venture, persevere, and withstand danger, fear, or difficulty.