PracticeGrowth

PracticeGrowth - K NA Y All of the above None of the above...

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I. 1. When balanced growth is achieved we know that the growth rate of K is 0 g A g N g A + g N 2. When balanced growth is achieved we know that the growth rate of Y is 0 g A g N g A + g N 3. When balanced growth is achieved we know that the growth rate of K/NA is 0 g A g N g A + g N
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4. When balanced growth is achieved we know that the growth rate of Y/NA is 0 g A g N g A + g N 5. When balanced growth is achieved we know that the growth rate of Y/N is 0 g A g N g A + g N
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6. When balanced growth is achieved we know that the growth rate of K/N is 0 g A g N g A + g N 7. When balanced growth is achieved we know that the growth rate of Y/NA is 0 g A g N g A + g N 8. When balanced growth is achieved we know that the growth rate of I is
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0 d g A g N+ g A g A + g N + d II. 1. Which of the following is constant when balance growth is achieved? K NA K/N Y/NA 2. Which of the following is constant when balance growth is achieved?
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Unformatted text preview: K NA Y All of the above None of the above 3. Which of the following is constant when balance growth is achieved? g y Y K NA II. Given that : d = 10% depreciation of capital g N = 2% labor growth g A = 3% technological progress 1-The annual growth rate of “effective labor” in the steady state is ………………. 2. The level of investment needed to maintain a constant capital stock (K) is …………. 3. The level of investment needed to maintain a constant capita (K) per “effective worker” is ………… 4. The steady state growth rate of output is ………………… 5. The steady state growth rate of output per worker is ……………… 6. The steady state growth rate of output per “effective worker” is ……………....
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