Multiple Choice
An increase in ________ leads to a higher steady-state level of output per worker, and a decline in the ________ leads to a lower steady-state level of output per worker.
A) productivity; saving rate
B) the saving rate; initial capital stock
C) the saving rate; depreciation rate
D) the initial capital stock; saving rate
E) None of these answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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