Multiple Choice
Which of the following statements does NOT describe the steady state of an economy,when technology is constant?
A) Investment per worker is equal to the requirement (break-even) investment.
B) Output per worker and consumption per worker are constant.
C) The growth rate of the output per worker is zero.
D) The capital per worker grows at a constant rate.
Correct Answer:
Verified
Correct Answer:
Verified
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