Question
Answer questions 42-45 based on the following information: (1) the rate of depreciation is 8% per year. (2) the population growth rate is 2% per
Answer questions 42-45 based on the following information:
(1) the rate of depreciation is 8% per year.
(2) the population growth rate is 2% per year, and
(3) the growth rate of technology is 5% per year.
42.The annual growth rate of "effective labor, AN" in the steady state in this economy is
43.The level of investment needed to maintain the capital stock (K) at the current (constant) level is
44.The level of investment needed to maintain the capital stock per worker (K/N) constant is
45.The steady state growth rate of output per worker (Y/N) in this economy is ____
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