Answered: if y=10k0.5 and current k is 100,…

if y=10k0.5 and current k is 100, depreciation is 10%, population growth is 2%, then for income per person to grow, the saving rate must exceed OA 10% OB. 8% OC 12% OD.6%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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