In the Solow Growth Model, the Steady-State Occurs When

question 43

Multiple Choice

In the Solow growth model, the steady-state occurs when:

• A) capital per worker is constant.
• B) the saving rate equals the depreciation rate.
• C) output per worker equals consumption per worker.
• D) consumption per worker is maximized.

---

Definitions:

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology on human motivation.

Safety Needs

Basic human necessities for security and protection, including physical safety, health, and wellbeing, ranked as the second level in Maslow's hierarchy of needs.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.

Routine

A set sequence of actions regularly followed, creating a structured and efficient way of accomplishing tasks or activities.