In a Steady-State Economy with No Population Growth,consumption Per Worker

question 10

Multiple Choice

In a steady-state economy with no population growth,consumption per worker is 45,the saving rate is 25 percent,and the depreciation rate is 15 percent.The level of capital per worker is ________.

• A)75
• B)36
• C)100
• D)27

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Definitions:

Statistic

A numerical value that describes a sample characteristic, obtained from data analysis.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.

Net Fixed Assets

The value of a company's property, plant, and equipment (PP&E) minus any accumulated depreciation, representing the actual value of the company's fixed assets.

Sales

The process of offering goods or services to obtain money or other forms of payment.