Multiple Choice
The formula for the steady-state ratio of capital to labor (k*) , with no population growth or technological change, is s:
A) divided by the depreciation rate.
B) multiplied by the depreciation rate.
C) divided by the product of f(k*) and the depreciation rate.
D) multiplied by f(k*) divided by the depreciation rate.
Correct Answer:
Verified
Correct Answer:
Verified
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