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If Output Per Worker in a Steady State Is $30,000,depreciation

Question 80

Multiple Choice

If output per worker in a steady state is $30,000,depreciation is 13%,the population growth rate is two percent,and the saving rate is 20%,what is the steady state capital-labor ratio?


A) $10,500
B) $85,714
C) $22,500
D) $40,000

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