Chapter 4: The Theory of Economic Growth Most of this is the result of increasing awareness of the importance of the subject: not only is long-run economic growth the ultimately most important aspect of how the economy performs 98.07 Kb. 1
Problem Set 2 fe312 Fall 2007 Rahman Partial Answer Key 1 Assume that production is a function of capital and labor, and that the rate of savings, depreciation, population growth, and are all constant, as described in Chapter 7’s version of the Solow Model 20.83 Kb. 1