Multiple Choice
According to the endogenous growth theory
A) countries with the same technology and population growth eventually converge to the same steady-state growth rate independent of the savings rate
B) the steady-state growth rate decreases as the rate of accumulation of factors of production increases
C) the long-term growth rate of capital is not affected by the savings rate
D) the steady-state growth rate is affected by the rate at which the factors of production are accumulated
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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