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If the saving rate is 1 (i.e., s = 1), we know that: a. Capital per worker, K/N = 0. b. Output per worker, Y/N
If the saving rate is 1 (i.e., s = 1), we know that:
a. Capital per worker, K/N = 0.
b. Output per worker, Y/N = depreciation per worker.
c. Consumption per worker, C/N, will be at its highestlevel.
d. Output per worker, Y/N = 0.
If the saving rate is 1 (i.e., s = 1), we know that:
a. Capital per worker, K/N = 0.
b. Output per worker, Y/N = depreciation per worker.
c. Consumption per worker, C/N, will be at its highestlevel.
d. Output per worker, Y/N = 0.
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
