The Steady-State Level of Output Per Worker in the Solow $Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }$

question 46

Multiple Choice

The steady-state level of output per worker in the Solow model, with the production function $Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }$ , is given by:

• A) \(y ^ { * } = \bar { A } \left( \frac { \bar { s } } { \bar { d } } \right) ^ { 1 / 2 }\)
• B) \[y ^ { * } = \bar { A } ^ { 3 / 2 } \left( \frac { \bar { d } } { \bar { s } } \right) ^ { 1 / 2 } \bar { L }\]
• C) \(y ^ { * } = \bar { A } ^ { 3 / 2 } \left( \frac { \bar { s } } { \bar { d } } \right) ^ { 1 / 2 } \bar { L }\)
• D) \(y ^ { * } = \bar { A } ^ { 3 / 2 } \left( \frac { \bar { s } } { \bar { d } } \right) ^ { 1 / 2 }\)
• E) \(y ^ { * } = \bar { A } \left( \frac { \bar { s } } { \bar { d } } \right) ^ { 1 / 3 }\)

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