The Production Function in the Romer Model Is Given by ________

question 108

Multiple Choice

The production function in the Romer model is given by ________, where $\bar g$ is ________.

• A) \(y _ { t } = A _ { t } k _ { t } ^ { 1 / 3 }\) ; the growth rate of capital
• B) \(y = \bar { A } _ { 0 } ( 1 + \bar { g } ) ^ { t }\) ; the growth rate of knowledge
• C) \(y = \bar { A } _ { 0 } ( 1 - \bar { \ell } )\) ; the growth rate of population
• D) \(y = \bar { A } _ { 0 } ( 1 - \bar { \ell } ) ( 1 + \bar { g } ) ^ { t }\) ; the growth rate of knowledge
• E) \(y = \bar { A } _ { 0 } ( 1 - \bar { \ell } ) ^ { t }\) ; the growth rate of population

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Definitions:

Evaluator

An individual or entity that assesses or judges the quality, value, or performance of a project, program, or individual.

Shortcomings

Deficiencies or inadequacies in character, performance, or knowledge.

Humor

The quality of being amusing or comic, especially as expressed in literature or speech.

Another Culture

Refers to the customs, social practices, and norms of a society different from one's own.