Question
In the Swan Solow growth theory, as based on the aggregate production function. Y = AF(K. N), for a given technology the steady-state growth rate
In the Swan Solow growth theory, as based on the aggregate production function. Y = AF(K. N), for a given technology the steady-state growth rate occurs only when
A: output per person is equal to capital per person
B: the saving rate is equal to the depreciation rate
C: investment per person is equal to the population growth rate
D:the growth rate of capital per person is zero
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
