1 The Solow growth model implies that economies will conditionally converge to the same level of income if they have the same rates of (choose one or more)

A savings

B depreciation

C labor force growth

D productivity growth

2.The key modification from the Harrod-Domar growth model is that the Solow model allows for substitution between capital and labor. In the process, it assumes that the use of either input encounters

A constant returns

B diminishing returns

C increasing returns

3.The Solow aggregate production function is assumed characterized by

A constant returns to scale

B diminishing returns to scale

C increasing returns to scale

4.In the Harrod-Domar model, growth continues as long as

A the line sf(k) stays above the line ( + n)k

B the line ( + n)k stays above the line sf(k)

5.Which model has a (single) equilibrium income per worker?

AHarrod-Domar model

BSolow growth model

6.Which model has a (constant, balanced) growth equilibrium?

A Harrod-Domar model

B Solow growth model

7.The Solow growth model implies

A conditional convergence

B unconditional convergence

8.In the simple Solow growth model, technological change is

A endogenous

B exogenou