7. Discuss the potential role of each of the factors listed in parts (a) through (g) on the steady-state level of output

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7 Discuss The Potential Role Of Each Of The Factors Listed In Parts A Through G On The Steady State Level Of Output 1 (54.75 KiB) Viewed 32 times

7. Discuss the potential role of each of the factors listed in parts (a) through (g) on the steady-state level of output per worker. In each case, indicate whether the effect is through A, through K, through H, or through some combination of A, K, and H. A is the level of technology, K is the level of capital stock, and His the level of the human capital stock. a. Geographic location. b. Education. c. Protection of property rights. d. Openness to trade. e. Low tax rates. f. Good public infrastructure. g. Low population growth.