is the difference between the rate of growth of productivity and the rate of growth of inputs.

is the difference between the rate of growth of output and the rate of growth of savings.

is the difference between the rate of growth of output and the rate of growth of inputs

is the difference between the golden rule level of consumption and the steady state level of consumption.

increase the capital per unit effective labour ratio.

replace capital that has depreciated.

equip new units of effective workers at the same capital per unit effective labour ratio.

do all of the above.

A: increasing B: diminishing

A: constant B: diminishing

A: decreasing B: constant

A: constant B: increasing

A: follows a positive trend B: displays no trend

A: follows a positive trend B: follows a positive trend

A: displays no trend B: displays no trend

A: displays no trend B: follows a positive trend

Countries with lower levels of GDP per capita will grow faster on average than those with higher levels until they catch up to the leaders.

Countries converge to the same steady-state GDP per capita through the elimination of inefficient production.

Modern economic growth eliminates countries comparative advantages as they become more like each other.

None of the above.