Assume the economy has achieved the balanced growth steady state.Explain what factors determine the rates of growth of each of the following variables when balanced growth is achieved: output per effective worker,capital per effective worker,output per worker,output,and consumption per worker.

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The Answer of Assume the economy has achieved the balanced growth steady state.Explain what factors determine the rates of growth of each of the following variables when balanced growth is achieved: output per effective worker,capital per effective worker,output per worker,output,and consumption per worker.

Assume the Economy Has Achieved the Balanced Growth Steady State