The Solow Model Implies That Continuous Growth in Productivity at a Rate

question 32

Multiple Choice

The Solow model implies that continuous growth in productivity at a rate of one percent will result in continuous growth of output per worker at a rate of 1.43%.Thus,if at a point in time output per worker is 270 and productivity rises by one percent,the resulting level of output per worker is ________.

• A)386
• B)273
• C)274
• D)277

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Definitions:

Emotion

A complex state of feeling that results in physical and psychological changes influencing thought and behavior.

Introverts

Individuals who prefer minimally stimulating environments and tend to focus on internal thoughts and feelings rather than seeking external stimulation.

Extraverts

Individuals who are characterized by their outgoingness, high energy, and ease in social situations, often seeking stimulation from the external environment.

Eyes

Organs of vision that detect light and convert it into electro-chemical impulses in neurons.