In the Solow growth model, the main obstacle to continuous growth in output per effective worker is: O the declining marginal product of capital the limits in the ability of government policymakers the depreciation of capital too little savings the declining marginal product of labour

In the Solow growth model, the main obstacle to continuous growth in output per effective worker is: O the declining marginal product of capital the limits in the ability of government policymakers the depreciation of capital too little savings the declining marginal product of labour

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the Solow growth model, the main obstacle to continuous growth in output per
effective worker is:
the declining marginal product of capital
the limits in the ability of government policymakers
the depreciation of capital
too little savings
the declining marginal product of labour

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