Multiple Choice
The implication of the Solow model is that economic growth is sustainable when ________.
A) the ratio of physical capital stock to GDP remains constant as the economy grows over time
B) the ratio of physical capital stock to GDP decreases as the economy grows over time
C) the ratio of saving rate to depreciation rate remains constant as the economy grows over time
D) the ratio of saving rate to depreciation rate increases as the economy grows over time
Correct Answer:
Verified
Correct Answer:
Verified
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