Question
People are debating between two policies for raising output per worker 1. Permanently decreasing the rate of population growth n. 2. Permanently increase the growth
People are debating between two policies for raising output per worker
1. Permanently decreasing the rate of population growth n.
2. Permanently increase the growth rate of labor efficiency g.
According to the Solow model, which of the two policies will have a greater effect on output per worker in the long run? Explain why.
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Business Driven Technology
Authors: Paige Baltzan
5th edition
978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844
