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9. The endogenous variables in the Solow model are: a.

Question : 9. The endogenous variables in the Solow model are: a. : 199432

9. The endogenous variables in the Solow model are: a. the capital stock, labor, and output b. consumption, investment, the capital stock, labor, and the saving rate c. consumption, investment, the capital stock, labor, and output d. productivity and the depreciation and saving rates e. the capital stock, labor, output, and the saving rate 10. In the Solow model, if net investment is positive: a. capital accumulation is zero b. capital accumulation is negative c. capital accumulation is positive d. savings are negative e. Not enough infomation is given. 11. The principle of transition dynamics can be summarized as: a the further below its steady state an economy is, the faster the economy will grow b. the closer to its steady state an economy is, the faster the economy will grow c. the further below its steady state an economy is, the slower the economy will grow d. regardless of how close to its steady state an economy is, the economy grows at the same rate if the economy is very close to the steady state, it stops growing e. 12. In economics, a nonrival good is one that: a. cannot be consumed by more than one person at a time b. can be consumed by more than one person at a time c. can be consumed by more than one person at a time but is congested d. cannot be consumed by more than two persons at a time e None of these answers are correct.

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