The Golden Rule Level of Capital Refers To

question 31

Multiple Choice

The golden rule level of capital refers to:

• A) the level of capital that maximises output per worker.
• B) the level of capital that maximises consumption per worker in the steady state.
• C) the level of capital that maximises the level of output in the steady state.
• D) the level of capital that maximises consumption per worker.
• E) the level of capital that maximises the standard of living.

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