In the Steady State of Solow's Exogenous Growth Model,an Increase

question 49

Multiple Choice

In the steady state of Solow's exogenous growth model,an increase in the growth rate of labour force

• A) increases output per worker and increases capital per worker.
• B) increases output per worker and decreases capital per worker.
• C) decreases output per worker and increases capital per worker.
• D) decreases output per worker and decreases capital per worker.
• E) decreases output per worker and the marginal product of labour.

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Definitions:

Aquifer

An underground layer of water-bearing permeable rock, rock fractures, or unconsolidated materials from which groundwater can be extracted using a water well.

Porous Layers

Geological formations consisting of rocks, soil, or sediment that have a high porosity, allowing for the passage and storage of fluids such as water and oil.

Underground Rock

Underground rock refers to rock formations that exist beneath the Earth's surface, playing a critical role in various geological processes and resource reservoirs.

Aral Sea

A lake that was once one of the four largest lakes in the world, located between Kazakhstan and Uzbekistan, now significantly reduced in size due to water diversion projects.