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Ao9 Ao9
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8 years ago
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 consumption equals
A) u(1 - b) - 1.
B) (1 - b)(1 - u).
C) 1 + b(1 - u).
D) b(1 - u) - 1.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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Ao9 Author
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Expert Upwards Arrow Smiling Face with Open Mouth
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You're welcome Wink Face Message me if you need any more assistance with your other questions.
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