Figure 6.2: Romer Model: Per Capita Output

question 74

Multiple Choice

Figure 6.2: Romer Model: Per Capita Output
-In the Romer model in Figure 6.2, at time t₀, a change in the shape of the production function can be explained by an increase in the:

• A) population.
• B) share of labor engaged in research.
• C) ideas efficiency parameter.
• D) saving rate.
• E) growth rate.