mid.2006.answers - - Eco 402a Prof. J. Nilsen Mid-Term...

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Unformatted text preview: - Eco 402a Prof. J. Nilsen Mid-Term Examination November 142006 True/False/Uncertain sh,^JL (| [* 6 points each. Credit will be given mainly on th;'logii liritirying your response. Urs u, v.r^^^-r ,l-L +Lr... l. Average product and the Solow residual are unrelated. Tavu i ll)* A^ i/rzY'tr\L^,ffi, z. Absolute cohvergence in growth rates is ouserved empiridally'. ) c"-J +,.':-,-""- ) rate regi the cen the led and ge. 6}- 4. The golden rule level of capital is where the level of capital stock is minimized. t excl traint l f c( i- ts fo4/w'4; tr*ri ".0;1,-J n.,^/t\ .q,^-.fU 5.Theoverlappinggenerationsmodelisa@thmodel.c.y-tL*|'*,t.l'"T:r f s'+ L+ ;&/ -J.5- u;r" *-a {-^. pd,-"b Y@ 6- A nation identical in all respects to another except having greater human capital will h q r r p a h i c h a . a * n r r r r L + n + a ^ f - ^ - ^ ^ - . 1 + ^ : - ^ ^ - - ^ - ^ ^ 4 . 0 - " { - . ) - - - - - r r t i . A ? - - - have a higher growth rate of per-capita income....
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This note was uploaded on 04/04/2009 for the course ECONOMICS 402 taught by Professor N during the Spring '09 term at American University in Bulgaria.

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mid.2006.answers - - Eco 402a Prof. J. Nilsen Mid-Term...

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