Economics · Macroeconomics
In Solow's economic growth model, the output per capita (y) is primarily expressed as a function of which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total labor supply
- 2Labor-output ratio
- 3Capital-output ratio
- 4Capital-labor ratio✓
Correct answer
Capital-labor ratio
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