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Exhibit: Steady-State Consumption II
-(Exhibit: Steady-State Consumption II) The Golden Rule level of steady-state investment per worker is:

Question

Use the following to answer questions  :
Exhibit: Steady-State Consumption II 
-(Exhibit: Steady-State Consumption II) The Golden Rule level of steady-state investment per worker is:

Quizplus · Accepted Answer

The Golden Rule level of steady-state investment per worker is the level that maximizes consumption per worker in the steady state. This is achieved when the marginal product of capital equals the depreciation rate, which is represented by the distance BC in a diagram illustrating the Solow model.

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