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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