Multiple Choice
The golden rule savings rate is achieved when capital is accumulated at a rate that
A) maximizes consumption per worker in the steady state.
B) keeps consumption per worker constant in the steady state.
C) population growth exceeds the depreciation rate.
D) minimizes the effects of consumption growth on population growth.
E) minimizes consumption per worker in the steady state.
Correct Answer:
Verified
Correct Answer:
Verified
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