contestada

an increase in population growth would affect the dynamics of the solow model in the same way as which of the following? 12 a) an increase in the rate of depreciation. b) an increase in the rate of investment. c) an increase in the level of technology. d) an increase in efficiency

Respuesta :

Option (b), which calls for a rise in the rate of investment, is the right choice.

What changes in the Solow model do more people make?

According to the Solow model, a rise in the population growth rate accelerates the growth of total output but has no long-term impact on the growth of output per person. The steady-state level of per capita output decreases as the population growth rate rises.

What are the Solow growth model's primary components?

What it is A long-term economic growth model, the Solow growth model examines three key variables: capital accumulation, labor growth, and multifactor productivity. Economists use the latter to refer to technical advancement, which has an impact on labor and capital as well as the other two factors.

Learn more about Solow growth model: https://brainly.com/question/16243862

#SPJ4

Otras preguntas