MC4Solution - Chapter 4 Contemporary Models of Development...

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Chapter 4Contemporary Models of Developmentand Underdevelopment1.The Solow residual helps explain growth that derives from(a) increasing the size of the labor force.(b) increasing the size of the capital stock.(c) increasing the capital-labor ratio.(d) anything except increases in the size of the labor force or the capital stock.Answer:D
2.In endogenous growth models, it is assumed that
3.In contrast to the earlier neoclassical models of economic growth, in endogenous growth models,there is more emphasis on
4.The new growth theory attempts to explain
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Term
Spring
Professor
FernandaEstevan
Tags
Economics, labor force, Capital accumulation, Exogenous growth model, endogenous growth models

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