Assume an Endogenous Growth Model with Labor Augmenting Technology

question 30

Multiple Choice

Assume an endogenous growth model with labor augmenting technology.The production function is Y = F(K,AN) , where A = 2(K/N) such that y = 2k.If the savings rate is s = 0.06, the rate of population growth is n = 0.05, and the rate of depreciation is d = 0.04, then the growth rate of real output per capita is

• A)1%
• B)3%
• C)5%
• D)6%
• E)9%

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