In the solow model-population growth determines

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Reference no: EM131244300

Given: Inflation rate in Macroland was 4.5% in 2009, -2.7% in 2010, and -1.8% in 2011. Determine whether each of the following statements is true or false:

a. The ave P level in Macroland decreased in 2010.

b. The given data suggest that the ave P level in Macroland went up in 2009.

c. There was disinflation in Macroland in 2010.

d. The ave P level in Macroland in 2011 was negative.

2. In the Solow model, population growth determines:

a. the rate of economic growth.

b. the steady state level of per capita output.

c. the rate of technological progress

d. the rate of saving.

e. None of the above

Reference no: EM131244300

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