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Suppose Y = K¹/²,total Factor Productivity Is Constant and Equal

Question 73

Multiple Choice

Suppose y = k¹/²,total factor productivity is constant and equal to 1,s = 0.40,and d = 0.10.When the economy reaches the steady state,consumption per worker is ________.


A) $1.20
B) $2.40
C) $4.80
D) $13.60

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