Economics 2151A/B Lecture Notes - Lecture 3: Production Function, Golden Rule Savings Rate, Competitive Equilibrium
4 Nov 2015
School
Department
Course
Professor
Document Summary
Chapter 7 economic growth: malthus and solow: if changes in economic policy could cause the growth rate of real gdp to increase by 1% per year for. 100 years, then gdp would be ________% higher after 100 years than it would have been otherwise: 1. 3, 2. 0, 2. 7, 3. 8, 4. 2. Type: mc page ref: p. 205: on average, from 1960-2000, real gdp in canada grew around, 2. 3%, 0. 6%, 8. 7%, 4. 1%, -1. 2%. Type: mc page ref: p. 205: the malthusian model performs poorly in explaining economic growth after the, french revolution, american revolution, industrial revolution, bio-technology revolution, second world war. 2013 pearson education canada: the solow model emphasizes the role of which of the following factors of production, land, labour, capital, natural resources, education. Type: mc page ref: p. 205: in an exogenous growth model, growth is caused by, capital accumulation, government policies, human capital accumulation, forces that are not explained by the model itself, total factor productivity.
