With a closed economy and no governmentspending, the total demand for output is equal to________.

A.consumption perworker plus investment perworker.

B.consumption perworker times investment perworker.

C.consumption perworker minus investment perworker.

D.consumption per worker divided by investment perworker.

The Solow model suggests that economies with the same aggregate productionfunction, ratio of workers to the total population and saving rates will________.

A.experience convergence.

B.start with different initial levels of per capita income.

C.trade with one another.

D.possess the same rate of depreciation.

Growth of output per person at a constant rate is referred to as________.

A.a balanced growth path

B.a ratio scale

C.a steady state

D.an amplification effect