The key variable that can be used to characterize everything else about steady state in the Solow...
The key variable that can be used to characterize everything else about steady state in the Solow model is:
A. the population growth rate.
B. capital per person.
C. consumption per person.
D. output per person.
Homework Answers
Ans is A
capital per person, consumption per person and output per person depends on the population growth rate. Thus key variable is population growth rate
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The key variable that can be used to characterize everything else about steady state in the Solow...
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