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
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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)
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