In the absence of technological progress,which of the following remains constant in the steady state equilibrium?
A)investment per worker
B)output per worker
C)saving per worker
D)all of the above
E) only A and B

Question

Quizplus · Accepted Answer

In the steady state equilibrium without technological progress, investment per worker, output per worker, and saving per worker all remain constant. This is because, in the steady state, the economy has reached a point where all these variables do not change over time, assuming no technological advancement to alter productivity or efficiency.

In the Absence of Technological Progress,which of the Following Remains