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

Question 103

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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=k1/3l1/3y = k ^ { 1 / 3 } l ^ { 1 / 3 } ,
Then y grows at:


A) 3 percent
B) 4 percent
C) -3 percent
D) 12 percent
E) -4 percent

Correct Answer:

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