HW 6(1) - ECO305.02 HW #6 Multiple-choice Questions(1 pt...

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ECO305.02 HW #6 Page 1 Multiple-choice Questions (1 pt per question) There is only one correct choice in the following questions. 1. The number of effective workers takes into account the number of workers and the: A) amount of capital available to each worker. B) rate of growth of the number of workers. C) efficiency of each worker. D) saving rate of each worker. 2. In the Solow model with technological change, the Golden Rule level of capital is the steady state that maximizes: A) output per worker. B) output per effective worker. C) consumption per worker. D) consumption per effective worker. 3. In the Solow growth model with population growth and technological change, the break-even level of investment must cover: A) depreciating capital. B) depreciating capital and capital for new workers. C) depreciating capital and capital for new effective workers. D) depreciating capital, capital for new workers, and capital for new effective workers. 4.
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This note was uploaded on 09/21/2011 for the course PHY 201 at Pennsylvania State University, University Park.

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HW 6(1) - ECO305.02 HW #6 Multiple-choice Questions(1 pt...

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