In the neoclassical growth model, if two countries are exactly the same but one has a lower population growth, we would expect that country to have
a. higher output, a higher capital-to-labor ratio, and higher per capita output growth in the steady state.
b. the same output and capital-to-labor ratio, but higher per capita output growth in the steady state.
c. higher output, a higher capital-to-labor ratio, and the same per capita output growth in the steady state.
d. higher output, the same capital-to-labor ratio, and the same per capita output growth in the steady state.
ANSWER
B
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