With Population Growth at Rate N and Labor-Augmenting Technological Progress

question 96

Multiple Choice

With population growth at rate n and labor-augmenting technological progress at rate g, the Golden Rule steady state requires that the marginal product of capital (MPK) :

• A) net of depreciation be equal to n + g.
• B) net of depreciation be equal to the depreciation rate plus n + g.
• C) plus n be equal to the depreciation rate plus g.
• D) plus g be equal to the depreciation rate plus n.

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Definitions:

Enzymatically

Pertaining to the process or action facilitated by enzymes, which are proteins that catalyze biochemical reactions.

Jejunum

The middle section of the small intestine in most higher vertebrates, including humans, where the absorption of nutrients and minerals from digested food occurs.

Chyme

The semi-fluid mass of partly digested food that moves from the stomach to the small intestine.

Ileum

The final and longest segment of the small intestine, where most of the absorption of nutrients and minerals from food takes place.