Multiple Choice
If we define
As the saving rates in Countries 1 and 2,respectively,and
As productivity in Countries 1 and 2,in the Solow model,the equation __________ predicts that __________ contributes the majority to differences in steady-state output per worker.
A) ;productivity differences
B) ;saving rate differences
C) ;productivity differences
D) ;productivity differences
E) ;saving rate differences
Correct Answer:
Verified
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