PRS_Growth - PRSExercisesonEconomicGrowth 1.Atasteadystate:

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PRS Exercises on Economic Growth 1.  At a steady state: a.  output per effective worker is constant. b.  the MPK is constant. c.  capital and effective labor are growing at the same rate. d.  all of the above.   2.  An increase in the savings rate will: a.  increase the steady state level of output per effective worker. b.  increase the steady state growth in output per worker. c.  increase the steady state growth of output. d.  all of the above. 3.  An decrease in the rate of population growth will: a.  increase the steady state level of output per effective worker. b.  increase the steady state growth in output per worker. c.  decrease the steady state growth of output. d.  both a. and c. 4.  Which of the following will increase the steady state rate of growth of output per  worker: a.  an increase in the saving rate. b.  an increase in the rate of technical progress.
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PRS_Growth - PRSExercisesonEconomicGrowth 1.Atasteadystate:

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