Assume that an economy experiences both positive population growth and technological progress.In this economy,which of the following is constant when balanced growth is achieved?
A)K
B)NA
C)K / N
D)Y / NA
E) none of the above

Question

Quizplus · Accepted Answer

In balanced growth, output per effective worker (Y/NA) remains constant as both population and technology grow at a steady rate.

Assume That an Economy Experiences Both Positive Population Growth and Technological