Q 61

In comparing two countries with different levels of education but the same saving rate,rate of population growth,and rate of technological progress,one would expect the more highly educated country to have:
A) a higher growth rate of total income and a higher real wage.
B) a higher growth rate of total income and the same real wage.
C) the same growth rate of total income and a higher real wage.
D) the same growth rate of total income and the same real wage.

Q 62

If the per-worker production function is y = Ak,where A is a positive constant,then the marginal product of capital:
A) increases as k increases.
B) is constant as k increases.
C) decreases as k increases.
D) cannot be measured in this case.

Q 63

If the per-worker production function is y = Ak,where A is a positive constant,in the steady state,a:
A) lower saving rate does not affect the growth rate.
B) higher saving rate does not affect the growth rate.
C) lower saving rate leads to a higher growth rate.
D) higher saving rate leads to a higher growth rate.