Suppose K₀ = 100 and Assume It Grows at a Constant

question 39

Multiple Choice

Suppose k₀ = 100 and assume it grows at a constant rate $\bar { g } _ { X } = 2$ percent per year. If $y _ { t } = k _ { t } ^ { 1 / 3 } ,$
What is the approximate value of y in 50 years?

• A) \(y _ { 50 } = 269\)
• B) \(y _ { 50 } = 6.45\)
• C) \(y _ { 50 } = 5.38\)
• D) \(y _ { 50 } = 1.11\)
• E) Not enough information is given.

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