Solved

Suppose K Grows at a Rate gˉk=3\bar { g } _ { k } = 3

Question 82

Multiple Choice

Suppose k grows at a rate gˉk=3\bar { g } _ { k } = 3 percent and l grows at a rate gˉl=12\bar { g } _ { l } = 12
Percent. If y=k1/3l2/3y = k ^ { 1 / 3 } l ^ { 2 / 3 } ,
Then y grows at:


A) 5 percent
B) 15 percent
C) 9 percent
D) 4 percent
E) 3 percent

Correct Answer:

verifed

Verified

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

Related Questions