The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

Related Mcqs:

Economic growth is important because ?

A. People want less crime B. People want to be happier C. People want a better environment D. People want higher incomes and more consumer goods....

The golden-rule saving rate is the rate of saving that ?

A. gets the highest rate of interest B. maximizes the level of long-run investment C. maximizes the level of long-run consumption D. maximizes human capital...

Governments can stimulate productivity by ?

A. Imposing higher taxes on capital B. encouraging more labour intensive work to reduce unemployment C. reducing spending in education D. encouraging private investment...

GDP per head may be an imperfect measure of economic welfare because it excludes ?

A. the value of leisure B. Externalities C. Untraded goods D. Change in the distribution of income E. All of the above...

The business cycle describes fluctuations in output around the?

A. trend path of output B. boom C. recession D. short-run fluctuations in output...