In a steady-state economy with a saving rate s,population growth n,and labour-augmenting technological progress g,the formula for the steady-state ratio of capital per effective worker (k*) ,in terms of output per effective worker (f(k*) ) ,is (denoting the depreciation rate by
) :
A) sf(k) /( + n + g) .
B) s/((f(k) ) ( + n + g) ) .
C) f(k) /((s) ( + n + g) ) .
D) (s - f(k) ) /( + n + g) .
Correct Answer:
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