Lecture 4 16

Lecture 4 16 - Still no growth in output per person in the...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Evaluating the Solow Model with Population Growth a) Total output and Capital Stock in the economy grow at the same rate as population growth. b)
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Still no growth in output per person in the long run equilibrium (steady state). Growth occurs only during adjustment to the steady state....
View Full Document

This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

Ask a homework question - tutors are online