Output Per Person Is 170 in an Economy in Which

question 67

Multiple Choice

Output per person is 170 in an economy in which 15 percent of the population are engaged in research and development,where their productivity is 0.002,and the total population size is 100 million.If this economy is on a balanced growth path,then output per person in the next period will be ________.

• A)175.1
• B)195.5
• C)176.2
• D)177.3

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