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Title: In the endogenous growth model presented in the text, suppose that u represents the fraction of time ...
Post by: ice5192 on Dec 10, 2017
In the endogenous growth model presented in the text, suppose that u represents the fraction of time spent working (as opposed to accumulating human capital) and b represents the efficiency of human capital accumulation. The growth rate of human capital equals
A) u(1 - b) - 1.
B) 1 + b(1 - u).
C) (1 + b)(1 - u).
D) b(1 - u) - 1.
E) b(1 - u)2.


Title: Re: In the endogenous growth model presented in the text, suppose that u represents the fraction of ...
Post by: Blade73 on Dec 10, 2017
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Title: Re: In the endogenous growth model presented in the text, suppose that u represents the fraction of time ...
Post by: ice5192 on May 21, 2018
Yes, correct