In the Solow model with technological progress, the steady-state growth rate of total output is:
A)0.
B)g.
C)n.
D)n + g.

Name: In the Solow model with technological progress, the steady-state growth rate of total output is: A)0. B)g. C)n. D)n + g.
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Question

Quizplus · Accepted Answer

In the Solow model with technological progress, the steady-state growth rate of total output is equal to the sum of the exogenous population growth rate (n) and the rate of technological progress (g), which means the answer is (n + g).

In the Solow Model with Technological Progress, the Steady-State Growth