Which of the Following Will Cause an Increase in the Steady-State

question 50

Multiple Choice

Which of the following will cause an increase in the steady-state growth rate of output per worker?

• A)an increase in the saving rate
• B)a reduction in the population growth rate
• C)a reduction in the rate of depreciation
• D)a reduction in the saving rate
• E) none of the above

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Definitions:

Expression

In mathematics, an arrangement of numbers, symbols, and operators (such as + and ×) that represents a quantity or procedure. Expressions do not have equality signs.

Simplify

The process of making an expression or equation easier to understand or solve by reducing complexity.

Expression

A combination of numbers, variables, and operations representing a particular value, without an equality sign unlike an equation.

Golden Section

A mathematical ratio denoted by the Greek letter phi (φ), approximately equal to 1.618, which is considered aesthetically pleasing and is found in art, architecture, and nature.