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

question 53

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) and b represents the efficiency of human capital accumulation.The growth rate of human capital equals

• A) u(1 - b) - 1.
• B) 1 + b(1 - u).
• C) (1 + b)(1 - u).
• D) b(1 - u) - 1.
• E) b(1 - u)2.

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Definitions:

Global Scope

The area in a program where a variable or function is accessible from any point in the code after its declaration.

Global Arrays

Arrays that are declared outside all functions and are accessible from any point in a program.

Global Arrays

Global arrays are arrays that are declared outside of any function or class and can be accessed and modified from any part of the program.

Static

A keyword in programming that makes a variable or function persistent throughout the life of a program.