Consider a basic SolowSwan model. Suppose the aggregate production function is and that A=1 ,...
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Consider a basic SolowSwan model. Suppose the aggregate production function is and that A=1 , the depreciation rate is0.06 and the saving rate is 0.12 . In steady state, which of the following is TRUE?
Group of answer choices Output per worker is 2.00 and consumption per worker is 1.76
Output per worker is 1.68 and consumption per worker is 1.48
Output per worker is 2.00 and consumption per worker is 0.24
Output per worker is 1.68 and consumption per worker is 1.12
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