> #economics > In the Harrod-Domar model a change in the savings rate (s) has a permanent effect on the growth rate of GDP per capita, while in the Solow model a change in the savings rate has only a temporary effe?

Mary Goret

4 days ago

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In the Harrod-Domar model a change in the savings rate (s) has a permanent effect on the growth rate of GDP per capita, while in the Solow model a change in the savings rate has only a temporary effe?

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Define purchasing power parity (PPP). If we want to compare the standards of living in China and Norway, should we compare GDP in PPP terms or in US$ terms?

A monopolist with the cost function C=1/2Q2 faces a demand curve Q=12-P a. What will be its equilibrium price and quantity? b. If for some reason the firm behaves as if it were in a perfectly competit

Define and explain “steady state” in the Solow model. Assume that the economy initially is in the steady state. Analyze the short-run and long-run effects of a change in the population growth rate ?

Why is it that in harrod-domar model a change in savings rate has a permanent effect on the growth rate on GDP per capita while in the solow model a change in savings rate has a temporary effect.

why is it that in harrod domar model the change in savings rate has a permanent effect on the growth rate of GDP per capita while in solow model the change is temporary?

Mary Goret

In the Harrod-Domar model a change in the savings rate (s) has a permanent effect on the growth rate of GDP per capita, while in the Solow model a change in the savings rate has only a temporary effe?

1 answer

Similar Questions

Define purchasing power parity (PPP). If we want to compare the standards of living in China and Norway, should we compare GDP in PPP terms or in US$ terms?

A monopolist with the cost function C=1/2Q2 faces a demand curve Q=12-P a. What will be its equilibrium price and quantity? b. If for some reason the firm behaves as if it were in a perfectly competit

Define and explain “steady state” in the Solow model. Assume that the economy initially is in the steady state. Analyze the short-run and long-run effects of a change in the population growth rate ?

Why is it that in harrod-domar model a change in savings rate has a permanent effect on the growth rate on GDP per capita while in the solow model a change in savings rate has a temporary effect.

why is it that in harrod domar model the change in savings rate has a permanent effect on the growth rate of GDP per capita while in solow model the change is temporary?

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