Assume that an economy experiences both positive population growth and technological progress.Once the economy has achieved balanced growth,we know that the output per worker ratio (K / N) is
A) constant.
B) growing at a rate of gA - gN.
C) growing at a rate of gN.
D) growing at a rate of gA.
E) growing at a rate of δ + gA + gN.
Correct Answer:
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