Unformatted text preview: suppose that over time a country doubles its
workers, its natural resources, its physical capital, and its human capital, but its technology is
unchanged. Which of the following would double?
(d) both output and productivity
output, but not productivity
productivity, but not output
neither productivity nor output . An increase in the saving rate would, other things the same,
(a) increase growth more for a poor country than for a rich country, and raise growth permanently.
(b) increase growth more for a poor country than for a rich country, but raise growth temporarily.
(c) increase growth more for a rich country than for a poor country, and raise growth permanently.
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This document was uploaded on 03/21/2014.
- Spring '14