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If the per-worker production function is given by y = k1/2, the saving ratio is 0.3, and the depreciation rate is 0.1, then the steady-state ratio of output per worker (y) is:
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A unit of measure used in cooking, equivalent to approximately 15 milliliters.
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An item or substance that is manufactured or refined for sale.
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The mathematical operation of increasing one number by the value of another, resulting in a total that is the product of the two numbers.
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A prefix in the metric system representing one thousand (1000) of the unit it precedes.
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