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34kurt
3 years ago
5

In the adjusted Solow growth model which incorporates labor-augmenting technology, the steady-state growth rate of output per ef

fective worker is ______, and the steady-state growth rate of output per actual worker is ______.
Social Studies
1 answer:
lorasvet [3.4K]3 years ago
6 0

Answer:  The correct answer is :  zero ;  the rate of technological progress

Explanation:  In the Solow growth model with population growth and technological change, the steady-state growth rate of income per person depends on the rate of technological progress. According to the Solow model, persistently rising living standards can only be explained by technological progress.

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