(Exhibit: Steady-State Consumption II) Reference: Ref 7-4 (Exhibit: Steady-State Consumption II) The Golden Rule level of steady-state consumption per worker is:

Question

(Exhibit: Steady-State Consumption II)  Reference: Ref 7-4  (Exhibit: Steady-State Consumption II) The Golden Rule level of steady-state consumption per worker is:

Quizplus · Accepted Answer

According to the exhibit, the Golden Rule level of steady-state consumption per worker is at point B, where the slope of the production function is equal to the depreciation rate. This level of consumption ensures that the economy maintains a balanced level of investment and consumption over time, maximizing long-term economic growth. Therefore, option B is the correct answer.