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Without technological progress, an economy's production function is given as (,) = !()#!, 1 > > 0. If the country's population N grows at a
Without technological progress, an economy's production function is given as (,) = !()"#!, 1 > > 0. If the country's population N grows at a rate of gN (>0), which of the following statement is correct in the steady state? (A) Output per worker is constant. (B) Total output is growing at the rate of gN. (C) Capital per worker is constant. (D) Total capital is growing at the rate of gN. (E) All of the above are correct
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