Solved

The Golden Rule Savings Rate Is Achieved When Capital Is

Question 20

Multiple Choice

The golden rule savings rate is achieved when capital is accumulated at a rate that


A) population growth exceeds the depreciation rate.
B) keeps consumption per worker constant in the steady state.
C) minimizes consumption per worker in the steady state.
D) maximizes consumption per worker in the steady state.
E) minimizes the effects of consumption growth on population growth.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions