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KEY TERMS

capital-labor ratio, p. 251

endogenous growth theory, p. 265

endogenous variable, p. 262

equilibrium condition, p. 262

exogenous variable, p. 262

Golden Rule capital-labor ratio, p. 253

growth accounting, p. 242

growth accounting equation, p. 241

human capital, p. 266

steady state, p. 252

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Source: Abel A.B., Bernanke B., Croushore D.. Macroeconomics. 10th Edition, Global Edition. — Pearson,2021. — 690 pp.. 2021
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