4. Development Economics

Growth Theories — Quiz

Test your understanding of growth theories with 5 practice questions.

Practice Questions

Question 1

In the Solow model with exogenous technological progress at rate $g$ and population growth rate $n$, what is the steady-state growth rate of output per effective worker?

Question 2

In the Solow model, the Golden Rule level of capital per worker is achieved when which condition holds?

Question 3

In the Harrod-Domar model, the capital-output ratio $v$ is assumed constant, implying which of the following?

Question 4

According to classical Malthusian growth theory, what is the long-run outcome of diminishing marginal productivity of land and labour?

Question 5

In the Solow model with identical technology but different savings rates, what does the model predict about their long-run capital per worker?