If the per-worker production function is given by y = k1/2, the saving ratio is 0.3, and the depreciation rate is 0.1, then the steady-state ratio of capital to labor is:
A) 1.
B) 2.
C) 4.
D) 9.
Correct Answer:
Verified
Q20: In the steady state, the capital stock
Q22: In the Solow growth model, if investment
Q26: The Solow model shows that a key
Q28: (Exhibit: Capital-Labor Ratio and the Steady State)
Q30: If the per-worker production function is given
Q31: If a war destroys a large portion
Q33: In the Solow growth model with no
Q34: (Exhibit: Capital-Labor Ratio and the Steady State)
Q37: Among the four countries-the United States, the
Q40: The formula for the steady-state ratio of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents