Suppose the Parameters of the Romer Model Take the Following $\bar { A } _ { 0 } = 10$

question 34

Multiple Choice

Suppose the parameters of the Romer model take the following values: $\bar { A } _ { 0 } = 10$ , $\bar { \ell } = 0.01 , \bar { z } = 1 / 500 \text {, and } \bar { L } = 10,000$
) What is the number of researchers in this country?

• A) 20
• B) 1 million
• C) 100
• D) 0.10
• E) 200

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Definitions:

Break-Even Point

The point at which the amount produced or sold results in total income matching total costs, leading to neither a profit nor a loss.

Net Loss

The amount by which expenses exceed revenues over a specific period, indicating a negative financial performance.

Target Profits

The specific amount of net income a company aims to achieve within a certain time frame.