In the Simple Solow Growth Model, with Constant Technology and Constant

question 13

Multiple Choice

In the simple Solow growth model, with constant technology and constant returns to scale, GDP per capita can only increase if:

• A) capital increases at the same rate as labour increases.
• B) capital increases at a slower rate than labour.
• C) capital increases at a faster rate than labour.
• D) increasing marginal returns to capital exists.

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Definitions:

Implicit Judgements

Evaluations or assessments made without conscious awareness, often based on automatic, quick processes stemming from prejudices or stereotypes.

Attitude Function

The psychological purpose that an attitude serves for an individual, such as ego-defensive or value-expressive functions.

Accessible

Easy to approach, reach, enter, or use by people of all abilities, including those with disabilities.

Multiple-Act Criterion

Term for a general behavioural index based on an average or combination of several specific behaviours.