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2. Without technological progress, the steady state capital-labor ratio is 6 (1-a)Ah b q-@)At P (-a)4 1-a 3. If an economy starts below the steady
2. Without technological progress, the steady state capital-labor ratio is 6 (1-a)Ah b q-@)At P (-a)4 1-a 3. If an economy starts below the steady state private capital-labor ratio, the economic growth rate is. and a positive, increasing b. positive, decreasing c. negative, increasing d negative, decreasing 4. Suppose country A and country B have the same values of #, 4. and ,. If country A currently has a higher capital-labor ratio, it to the worker productivity of country B. a will growth faster and converge b. will grow faster, but will fail to converge c. will grow slower and fail to converge d. will grow slower, but will converge
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