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If the Marginal Product of Capital Net of Depreciation Equals

Question 89

Multiple Choice

If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent, then this economy will be at the Golden Rule steady state if the rate of technological progress equals _____ percent.


A) 0
B) 2
C) 8
D) 10

Correct Answer:

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