Which of the Following Statements Is Incorrect Regarding the Solow

question 91

Multiple Choice

Which of the following statements is incorrect regarding the Solow growth model?

• A) Increases in living standards are not necessarily guaranteed in an economy.
• B) The optimal saving rate is achieved when saving per person is maximised.
• C) The optimal saving rate is achieved when consumption per capita is maximised.
• D) The optimal saving rate is derived under the assumption that technology is constant.

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