Campos Hamilton
12/09/2023 · Senior High School
After the UK left the European Union many workers working in the UK left the country. This will have no short run effect but a severe long run effect on the rate of growth of output per worker in the UK, ceteris paribus. (Answer with reference to the Solow growth model only). True False Uncertain
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True. The Solow growth model suggests that a decrease in the labor force due to workers leaving can lead to a lower growth rate of output per worker in the UK in the long run.
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