The AK model generates permanent economic growth despite the absence of technological progress. Per worker output, y, grows at the economy's rate according to the AK model.
A) population growth.
B) capital growth.
C) depreciation.
D) saving.

Question

Quizplus · Accepted Answer

According to the AK model, economic growth is generated by capital accumulation, with an emphasis on increasing the level of physical capital per worker. Therefore, capital growth is the best choice among the given options.

The AK Model Generates Permanent Economic Growth Despite the Absence