If the Canadian Production Function Is Cobb-Douglas with Capital Share

question 84

Multiple Choice

If the Canadian production function is Cobb-Douglas with capital share 0.3,output growth is 3 percent per year,depreciation is 4 percent per year,and the capital-output ratio is 2.5,the saving rate that is consistent with steady-state growth is:

• A) 12.5 percent.
• B) 14 percent.
• C) 17.5 percent.
• D) 20 percent.

---

Definitions:

Hallucinating

Experiencing perceptions (sights, sounds, smells, etc.) without external stimuli, often associated with mental disorders or substance use.

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Incubation

A process in problem-solving where an individual sets aside the problem temporarily, allowing for subconscious processing to occur, which can lead to insights.

Subconscious Awareness

The part of the mind that is not currently in focal awareness yet influences thoughts and behaviors.