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Ao9 Ao9
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8 years ago
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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
Wow!!
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#3
8 years ago
Please mark it solved once you get a chance.
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