Question: need quick D Question 16 2 pts Consider two economies that follow the Romer model developed and presented in classes. The two economies are neighboring

need quick

need quick D Question 16 2 pts Consider two economies that follow

D Question 16 2 pts Consider two economies that follow the Romer model developed and presented in classes. The two economies are neighboring countries that are otherwise identical, but country A has three times the labor force as country B. According to the Romer model, what is the growth rate of output per capita of country A relative to country B? O Growth rate of country A is three times the growth rate of country B O Growth rate of country A is one third the growth rate of country B O Growth rate of country A is the same as growth rate of country B O We don't have enough information to answer the question Question 17 2 pts If the production function of ideas in the economy is as follows: A At+1 = ZA * La,t then the function exhibits O Decreasing returns to the stock of knowledge but increasing returns overall O Increasing returns to the stock of knowledge but decreasing returns overall Decreasing returns to scale (in all inputs) O Constant returns to scale (in all inputs)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!