The Solow model implies that continuous growth in productivity at a ra
The Solow model implies that continuous growth in productivity at a rate of one percent will result in continuous growth of output per worker at a rate of 1.43%.
Thus, if at a point in time output per worker is 270 and productivity rises by one percent, the resulting level of output per worker is ________. A) 386
B) 273
C) 274
D) 277
ANSWER
C
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