2010_Econ%20110A%20blanchard%204e%20Ch%2011%20HomeworkQuestions

2010_Econ%20110A%20blanchard%204e%20Ch%2011%20HomeworkQuestions

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Econ 110A Ch 11 Homework Questions Please, do not use a calculator or any other devices such as cell phones or computers. 1. An increase in the saving rate will not affect which of the following variables in the long run? A. the growth rate of output per worker. B. capital per worker. C. output per worker. D. the amount of capital in the economy. 2. Which of the following variables will not change when the economy reaches steady state equilibrium? A. capital per worker. B. capital. C. output. 3. Suppose that K t+1 /N < K t /N. The steady-state level of capital per worker (K/N) will be ____ K t /N. A. greater than. B. less than. C. equal to. 4. In question 3, at time t, depreciation per worker is _____ saving per worker. A. less than. B. greater than. C. equal to. 5. If country X has a higher rate of depreciation (δ) than country Y, A. steady state consumption in X and in Y are equal. B. steady state growth of output per worker is higher in X than in Y. C. steady state consumption in X is higher than in Y.
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2010_Econ%20110A%20blanchard%204e%20Ch%2011%20HomeworkQuestions

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