A change in the total amount of labour in the Romer model causes...a level effect only on GDP per capitaa growth rate effect only on GDP per capitaboth a level and growth rate effect on GDP per capitanone of the above

Gross domestic product (GDP) is the standard measure of the value added created through the…

A change in the total amount of labour in the Romer model causes.. O a level effect only on GDP per capita O a growth rate effect only on GDP per capita both a level and growth rate effect on GDP per capita O none of the above

A change in the total amount of labour in the Romer model causes.. O a level effect only on GDP per capita O a growth rate effect only on GDP per capita both a level and growth rate effect on GDP per capita O none of the above

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section17.1: Economic Growth Around The World

Problem 1QQ

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A change in the total amount of labour in the Romer model causes...
a level effect only on GDP per capita
a growth rate effect only on GDP per capita
both a level and growth rate effect on GDP per capita
none of the above

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