In a Steady-State Economy with a Saving Rate S, Population

question 16

Multiple Choice

In a steady-state economy with a saving rate s, population growth n, and labor-augmenting technological progress g, the formula for the steady-state ratio of capital per effective worker (k*) , in terms of output per effective worker (f(k*) ) , is (denoting the depreciation rate by δ) :

• A)sf(k)/(δ + n + g).
• B)s/((f(k))( δ + n + g)).
• C)f(k)/((s)( δ + n + g)).
• D)(s - f(k))/( δ + n + g).

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Definitions:

Auke Tellegen

A psychologist known for his work in personality psychology, particularly for the development of the Multidimensional Personality Questionnaire.

In-group Loyalty

The tendency for individuals to give priority to the welfare of their own group over others, often leading to strong support and defense of the group's members and values.

Harm/Care

A moral foundation that emphasizes minimizing harm to others and caring for their well-being.

Authority/Respect

The recognition and adherence to someone’s right to lead or make decisions, often due to their position or knowledge.