In the Endogenous Growth Model Presented in the Text,suppose That

question 38

Multiple Choice

In the endogenous growth model presented in the text,suppose that u represents the fraction of time spent working (as opposed to accumulating human capital) ,b represents the efficiency of human capital accumulation,H represents the amount of human capital,and z represents the marginal product of efficiency units of labour.Consumption equals

• A) buH.
• B) zuH.
• C) buz.
• D) buzH.
• E) ebuH2.

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