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Homework answers / question archive / University of California, Santa Cruz - ECON 100B CHAPTER 5: The Solow Growth Model MULTIPLE CHOICE 1)In 1960, the Philippines had a per capita income South Korea’s
University of California, Santa Cruz - ECON 100B
CHAPTER 5: The Solow Growth Model
b. $10,000; $15,000
c. half that of the United States; twice that of the United States
d. $1,000; $2,000
e. $35,000; the same
.
.
c.
b. ?K1 = ?15. e. ?K1 = 115.
c. ?K1 = 15.
a. ?K51= 5. d. ?K51=120.
b. ?K51= ?15. e. ?K51= 0.
c. ?K51=15.
.
a.
Refer to the following figure when answering the following questions.
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and the economy will .
and the economy will .
and the economy will .
, the economy is:
, the economy is:
Refer to the following figure when answering the following questions.
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|
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b. |
a. 0.3. d. 0.8.
b. 1.3. e. 1.6.
c. 2.8.
b. 2.5. e. 0.6.
c. 1.6.
a. 8.0. d. 2.0.
b. 4.0. e. 22.6.
c. 45.4.
a. 1.4. d. 8.0.
b. 4.0. e. 3.5.
c. 2.0.
, is given by:
. .
. .
.
Refer to the following figure when answering the following questions.
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.
leads to a lower steady-state level of output.
leads to a lower steady-state level of output per worker.
in both countries, the Solow model predicts that the ratio of GDP per worker in Country 1 relative to Country 2 is:
. .
. .
.
depreciation rates in Countries 1 and 2, respectively, and and as productivity in Countries 1 and 2, respectively, in the Solow model, the equation predicts that differences contribute the most to differences in steady-state output per worker.
; productivity
; saving rate
; productivity
; productivity
; saving rate
Refer to the following figure when answering the following questions.
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level of total output and rate of growth of output than/as the country with the lower saving rate.
Refer to the following figure when answering the following questions.
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Refer to the following figure when answering the following questions.
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, the economy is in the steady state.
).
Table 5.1 |
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? |
China |
0.79 |
0.32 |
0.05 |
0.35 |
Hungary |
0.95 |
0.20 |
0.04 |
0.40 |
South Korea |
0.84 |
0.35 |
0.06 |
0.45 |
Mexico 1.12 0.20 0.04 0.45
(Source: Penn World Tables 9.0)
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