The Solow Growth Model Predicts That Aggregate Output

question 42

Multiple Choice

The Solow growth model predicts that aggregate output

• A) will grow at the rate of the labour force growth in the long run.
• B) will grow at the rate of the population growth in the long run.
• C) will grow at the rate of the growth in capital per worker in the long run.
• D) will grow at the rate of the growth in income per worker in the long run.
• E) will be maximized in the long run.

Understand the concept of a sample space and identify it correctly in various contexts.

Define and distinguish between mutually exclusive and independent events.

Recognize the definition and examples of sample points and experimental outcomes.

Comprehend the principle behind the repetition of experiments and possible variations in outcomes.