题目内容

In a neoclassical growth model, if the capital-labor ratio is lower than the (optimal) steady-state level, we should expect that

A. saving is smaller than the investment requirement
B. output per capita will temporarily grow at a rate lower than population growth
C. income per capita will decrease
D. there will be a temporary increase in the capital stock that is greater than the increase in population
E. all of the above

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The convergence to a steady-state capital-labor ratio k* is ensured by the fact that if k is at a level

A. lower than k*, saving will exceed the investment required to maintain a constant k, causing k to rise
B. lower than k*, investment will exceed saving, leading to an increase in the capital stock
C. lower than k*, saving will exceed the investment required to maintain a constant k, causing output per capita to decline
D. higher than k*, the rate of depreciation will be higher than the savings rate, causing k to decrease
E. higher than k*, output per capita will continue to increase until a new steady-state equilibrium is reached

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In the neoclassical growth model, if the capital-labor ratio is below the (optimal) steady-state level, we should expect that

A. economic growth will continue to decline unless technological advances are made
B. income per capita will decrease since gross investment is not sufficient to supply new workers with adequate capital
C. the savings rate will decline due to the lack of economic growth
D. all of the above
E. none of the above

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In a neoclassical growth model, a nation with a declining population growth rate will experience

A. a decrease in living standards
B. an increase in living standards
C. a lower savings rate
D. an increase in long-term growth
E. a decrease in the steady-state capital-labor ratio

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A neoclassical growth model would predict that if the rates of both population growth and saving increase, then the steady-state capital-labor ratio will

A. increase
B. decrease
C. stay the same
D. temporarily increase, but then go back to its original level
E. most likely change but we cannot say for sure how

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In a neoclassical growth model, if the capital-labor ratio is lower than the (optimal) steady-state level, we should expect that

A. saving is smaller than the investment requirement B. output per capita will temporarily grow at a rate lower than population growth C. income per capita will decrease D. there will be a temporary increase in the capital stock that is greater than the increase in population E. all of the above

The convergence to a steady-state capital-labor ratio k* is ensured by the fact that if k is at a level

In the neoclassical growth model, if the capital-labor ratio is below the (optimal) steady-state level, we should expect that

In a neoclassical growth model, a nation with a declining population growth rate will experience

A neoclassical growth model would predict that if the rates of both population growth and saving increase, then the steady-state capital-labor ratio will

A. saving is smaller than the investment requirement
B. output per capita will temporarily grow at a rate lower than population growth
C. income per capita will decrease
D. there will be a temporary increase in the capital stock that is greater than the increase in population
E. all of the above