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

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- 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 lf c( i- ts fo4/w'4; tr*ri ".0;1,-J n.,^/t\ .q,^-.fU [email protected]*|'*,t.l'"T:r f s'+ L+ ;&/ -J.5- u;r" *-a {-^. pd,-"b [email protected] 6- A nation identicalin all respects to another except having greater humancapital 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 rateof per-capita income. - A.*JJifi M ,u-"LA Lr* L '-- \""-b Fo-\". lt.^/l\"^,\ a t'.-1"-L-"'{? g,-r *1r^I= . r F --- [email protected] \^'C,'c)^^4-. -e \";-^k il-ftt^.- 6,r - ru:^]rr^ ^- ' \.w- r,r-\ 1 t\ -'A ll *"-\ ' ?t/\ -,*Ja&',)'-aA '-('"t ?. A system ona balanced Browth Oattr exhifl5_T gtpwth in any variable.
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  • Spring '09
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  • Trigraph, traint irate regi, November142006 True/False/Uncertain sh, ointse ach. reditw, l. Average product, ru^,H rl qr

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