If the Per-Worker Production Function Is Given by Y =

question 52

Multiple Choice

If the per-worker production function is given by y = k1/2, the saving ratio is 0.2, and the depreciation rate is 0.1, then the steady-state ratio of output per worker (y) is:

• A)1.
• B)2.
• C)3.
• D)4.

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Definitions:

Blacks

Refers to people of African descent or individuals characterized by dark skin complexion.

Physician

A professional who practices medicine, which involves promoting, maintaining, or restoring health through the study, diagnosis, prognosis, and treatment of disease, injury, and other physical and mental impairments.

Garrisonian Principle

Named after abolitionist William Lloyd Garrison, it embodies the belief in immediate emancipation of all slaves and the use of moral suasion rather than violence to end slavery.

Gerrit Smith

A prominent 19th-century American social reformer known for his deep involvement in the abolitionist movement and efforts to provide land to freed African American slaves.