Ejercicio 2 - Creixement a llarg termini: el model de Solow · Introducció a la Macroeconomia UPF 2024

Tema: Creixement a llarg termini: el model de Solow · Del examen Sample Exam 2024 (2024)

Enunciado

2 Questions 11-20: Multiple choice part 2

Select the single correct alternative for each of the following questions:

i.

Assume two economies are identical in all structural parameters except that Country A has a higher saving rate than Country B. According to the Solow growth model, in the long run:

.

j.

In the standard Solow growth model without technological progress, what is the growth rate of output per worker once the economy reaches the steady state?

.

Enunciado: Ejercicio 2 - Creixement a llarg termini: el model de Solow · Introducció a la Macroeconomia UPF 2024

Solución

Según los criterios oficiales de corrección

i. Assume two economies are identical in all structural parameters except that Country A has a higher saving rate than Country B. According to the Solow growth model, in the long run:

Solución: 4. Country A attains a higher capital-labor ratio (K/N) than Country B, but the long-run growth rate of per capita output is identical in both.

j. In the standard Solow growth model without technological progress, what is the growth rate of output per worker once the economy reaches the steady state?

Solución: 1. The growth rate of output per worker is zero.

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