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Use the Following Information to Answer the Question(s) Below

Question 32

Multiple Choice

Use the following information to answer the question(s) below:
6 = 0.13
gA = 0.05
gN = 0.04
-Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that growth rate of K/AN is:


A) gA / gN.
B) 0.
C) gA + gN.
D) gA.
E) gA - gN.

Correct Answer:

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