Assume a Production Function Is Given by

question 97

Multiple Choice

Assume a production function is given by . If
, the depreciation rate is
, and the saving rate is
The steady-state level of capital is about:

• A) 0.3.
• B) 1.3.
• C) 2.8.
• D) 0.8.
• E) 1.6.

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Definitions:

Psychoanalyst

A therapist who uses Freudian methods of exploring the unconscious mind to treat mental and emotional disorders.

Psychological Therapy

A range of treatments for mental health disorders that involve talking to a psychologist or other mental health professional.

Sigmund Freud

Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Joseph Wolpe

A prominent psychologist known for developing systematic desensitization, a method used to treat phobias and anxiety by gradually exposing the patient to the anxiety source.