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Suppose that depreciation is4 percent, population grows 2 percent and technology grows 1 percent per year. Economic planners are trying to maximize long run consumption
Suppose that depreciation is4 percent, population grows 2 percent and technology grows 1 percent per year. Economic planners are trying to maximize long run consumption per worker. Which statement is NOT correct? Select an answer and submit. For keyboard navigation, use the upfdown arrow keys to select an answer. a }f the marginal product of capital is 8 percent, planners should raise the saving rate. b If the marginal product of capital is 6 percent, planners should reduce capital per worker. I: if the marginal product of capital is 8 percent, planners should raise capital perworker. d if the marginal product of capital is 6 percent, planners should raise the saving rate
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