With a per-worker production function y = k1/2, the steady-state capital stock per worker (k*) as a function of the saving rate (s) is given by:
A) k* = (s/ ) 2.
B) k* = ( /s) 2.
C) k* = s/ .
D) k* = /s.
Correct Answer:
Verified
Q39: Exhibit: The Capital-Labor Ratio Q40: The formula for the steady-state ratio of Q41: If an economy with no population growth Q42: If an economy is in a steady Q43: If an economy is in a steady Q45: Use the following to answer questions : Q46: A reduction in the saving rate starting Q47: Use the following to answer questions Q48: In an economy with no population growth Q49: If an economy is in a steady![]()
Exhibit:
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