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smitch6 smitch6
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6 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.
E) b(1 - u)2.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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Blade73Blade73
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6 years ago
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smitch6 Author
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6 years ago
Smart ... Thanks!
hannahspillett
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Yesterday
Correct Slight Smile TY
rhockeygirl
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2 hours ago
this is exactly what I needed
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