.

If the Jordan production function is Cobb-Douglas with capital share 0.3, output growth is 3 percent per year, depreciation is 4 percent per year, and the Golden Rule steady-state capital-output ratio is 4.29, to reach the Golden Rule steady state, the saving rate must be:(1 Point)

17.5 percent

30 percent.

25 percent.

42.9 percent.

40.9 percent.

None of the above is correct