The endogenous growth predicted by the AK model is due to the assumption of a constant...

The endogenous growth predicted by the AK model is due to the assumption of a constant marginal product of capital, true or false?

(diagram + econ theories)

Expert Solution

The endogenous growth predicted by the AK model is due to the assumption of a constant marginal product of capital. - TRUE

The basic AK model with an illustation with diagram is given below. Hope it helps. Thanks.

Rahul Sunny answered 2 years ago

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