If the labor force growth rate was 2 percent per year, the capital stock depreciation rate was 4 percent per year, the growth rate of the efficiency of labor was 1 percent, and the capital-output ratio was 2,
A) the saving rate would be 3.5 percent per year.
B) the saving rate would be 35 percent per year.
C) the saving rate would be 14 percent per year.
D) the saving rate would be .14 percent per year.
Correct Answer:
Verified
Q52: Each of the following is a factor
Q53: Each of the following is a factor
Q54: Each of the following is a factor
Q55: In a steady-state balanced growth equilibrium,
A) the
Q56: If the labor force growth rate was
Q58: If growth rate of the efficiency of
Q59: If saving rate increases, with the labor
Q60: The capital-output ratio is said to be
Q61: The capital-output ratio is said to be
Q62: The capital-output ratio is said to be
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