Author: Anonymous

In recent years, real wages of the least educated workers

In the absence of technological progress, which of the following is true when the economy is operating at the steady state?

Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that the output per effective worker ratio (Y/NA) is

When the production function is represented by Y = NA, labor productivity is represented by which of the following expressions?

Suppose the following situation exists for an economy: Kt+1/N > Kt/N. Given this information, we know that

Which of the following will cause a reduction in the steady-state growth rate of output per worker?

When an economy is operating at the steady state, we know that

When was the last year that GDP per capita in North Korea was approximately equal to GDP per capita in South Korea?

Over the last hundred years,

A large increase in wage inequality in the U.S. in the past 35 years is due to