y=k.5(eL).5

that saving rate,s, is equal to 16 percent and the depreciation rate, d, is equal to 2 percent. Suppose further that the number of workers, L, grows at 1 percent a year and that the rate of technological progress ,g, is 1 percent per year. That's the question on the first page.

C. The growth rate of output per efficiency units of labor d. The growth rate of output per worker e. The growth rate of output