A Balanced Growth Path Is Defined as a Situation in Which

question 38

Multiple Choice

A balanced growth path is defined as a situation in which:

• A) the output growth rate is zero
• B) the growth rates of all endogenous variables are variable
• C) the growth rates of some of the endogenous variables are constant
• D) the growth rates of all endogenous variables are constant
• E) All of these answers are correct.

---

Definitions:

Tories

A political faction and then party in Great Britain that evolved into the Conservative Party, traditionally representing royalist, Anglican, and later conservative interests.

Charles II

A king of England, Scotland, and Ireland who reigned during the Restoration period after the English Civil War.

Elizabeth I

Elizabeth I was the Queen of England and Ireland from 1558 until her death in 1603, known for her strong leadership during a period of religious turmoil and for fostering the English Renaissance.

James I

James I was the King of England and Ireland as James I (from 1603) and King of Scotland as James VI (from 1567), known for his authorization of the King James Bible.