2. An economy without population growth or technological progress has the production function y = 20k1/2. The
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2. An economy without population growth or technological progress has the production function y = 20k1/2. The current capital stock is 100, and the depreciation rate is 12 percent. For income per worker to grow, the saving rate must exceed percent.
a. 6
b. 8
c. 10
d. 12
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