Which of the following equations represents the neoclassical growth model (aka Solow’s growth accounting equation)? 1. G
Posted: Wed Jul 06, 2022 6:18 pm
Which of the following equations represents the neoclassicalgrowth model (aka Solow’s growth accounting equation)?
1. Growth in potential GDP = Growth in technology +Wl (Growth in labor) + Wc(Growth incapital)
2. GDP = Consumption + Investment + Government Spending + NetExports
3. Total hours worked = Labor force * Average hours worked perworker
1. Growth in potential GDP = Growth in technology +Wl (Growth in labor) + Wc(Growth incapital)
2. GDP = Consumption + Investment + Government Spending + NetExports
3. Total hours worked = Labor force * Average hours worked perworker