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Title: Suppose that two countries share identical levels of total factor productivity, identical labor forc Post by: Ao9 on Oct 27, 2015 Suppose that two countries share identical levels of total factor productivity, identical labor force growth rates and identical savings rates. According to the Solow model
A) both countries will have the same growth rates of output per worker, even if they start out with different levels of output per worker. B) if both countries start out with different levels of income per worker, both countries may have different growth rates of output per worker, but we cannot be certain which country will have the higher growth rate of output per worker. C) the country with the smaller initial level of output per worker will grow more rapidly than the country with the greater initial level of output per worker. D) the country with the greater initial level of output per worker will grow more rapidly than the country with the smaller initial level of output per worker. Title: Re: Suppose that two countries share identical levels of total factor productivity, identical labor Post by: Gordis on Oct 29, 2015 Content hidden
Title: Re: Suppose that two countries share identical levels of total factor productivity, identical labor forc Post by: Ao9 on Nov 2, 2015 Wow!!
Title: Re: Suppose that two countries share identical levels of total factor productivity, identical labor forc Post by: Gordis on Nov 2, 2015 Please mark it solved once you get a chance.
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