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QUESTION
s $30,000, depreciation is 13 %, the population growth rate is two percent, and the saving rate is 20 % what is the steady state capital -labor ratio?...
If output per worker in a steady state is $30,000, depreciation is 13 %, the population growth rate is two percent, and the saving rate is 20 % what is the steady state capital -labor ratio? A. 10,500, B. $85,714 C. $22,500 D. $40,000
