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

Question 80

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Suppose k grows at a rate gˉk=3\bar { g } _ { k } = 3 percent and l grows at a rate gˉi=9\bar { g } _ {i } = 9
Percent. If y=k1/3l2/3y = k ^ { 1 / 3 } l ^ { 2 / 3 }
Then y grows at:


A) 6 percent
B) 5 percent
C) 7 percent
D) -6 percent
E) 12 percent

Correct Answer:

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