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If the Production Function in a Country Is Y =

Question 282

Multiple Choice

If the production function in a country is Y = K1/2, the investment rate equals 0.25, and the depreciation rate is 0.05, then the steady-state level of output is equal to:


A) 5 units.
B) 10 units.
C) 15 units.
D) 25 units.

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