Figure 6.1: Romer Model: Per Capita Output

question 111

Multiple Choice

Figure 6.1: Romer Model: Per Capita Output
-In the Romer model in Figure 6.1, at time t₀, a change in the growth rate of per capita output can be explained by:

• A) a decrease in the ideas efficiency parameter
• B) an increase in the population
• C) an increase in the research share
• D) an increase in the saving rate
• E) a decrease in the population

---

Definitions:

Creativity

The capacity to produce new ideas, insights, inventions, products, or artistic objects that are considered to be unique, useful, and of value to others.

Engineering Problem

A challenge or issue that requires technical and scientific knowledge to solve, often encountered in the field of engineering.

Grit

The perseverance and passion for long-term goals.

Entrepreneur

An individual who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.