Balanced growth refers to the property where: all countries of the world grow at the same rate in the steady state. values of many variables within a country rise together in the steady state. total capital stock and total labor force become equal in the steady state. the economy achieves the golden rule level of capital stock in the steady state.The total output of an economy grows at 4 percent and the depreciation rate is 3 percent. Further, the capital stock is 6 times one year's GDP and the capital income is 30 percent of GDP. In this case, we can conclude that the economy is operating at a level of capital than the Golden Rule and saving will lead to more consumption in the long run. less; increasing O less; decreasing more; increasing more; decreasing