In the absence of technological progress,which of the following is true when the economy is operating at the steady state?
A)the growth of output per worker is zero.
B)the growth of output per worker is equal to the saving rate.
C)the growth of output per worker is equal to the rate of investment.
D)the growth of output per worker is equal to the rate of depreciation.
E)none of the above

Question

Quizplus · Accepted Answer

In the steady state without technological progress, output per worker does not grow because capital per worker remains constant, leading to zero growth in output per worker.

In the Absence of Technological Progress,which of the Following Is