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 labour is:
A) 1.
B) 2.
C) 4.
D) 9.
Correct Answer:
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Q11: Investment per worker (i) as a function
Q21: Assume that two economies are identical in
Q21: A higher saving rate leads to a:
A)
Q22: Exhibit: The Capital-Labour Ratio Q23: If the per-worker production function is given Q24: Exhibit: Steady-State Consumption II Q28: In an economy with no population growth Q29: Exhibit: Steady-State Consumption II Q30: If the saving rate increases, the: Q36: If a war destroys a large portion 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
A)economy will
