If the Per-Worker Production Function Is Y = Ak, Where

question 13

Multiple Choice

If the per-worker production function is y = Ak, where A is a positive constant, in the steady state, a:

• A) lower saving rate does not affect the growth rate.
• B) higher saving rate does not affect the growth rate.
• C) lower saving rate leads to a higher growth rate.
• D) higher saving rate leads to a higher growth rate.

---

Definitions:

Approach

A method or strategy used to tackle a problem, task, or project, often implying a particular way of thinking or viewpoint.

Negative Organizational News

Information or developments within a company that are unfavorable, distressing, or detrimental to its stakeholders.

Direct Approach

A communication strategy that involves straightforward and explicit expression of ideas without beating around the bush.

Recommendation

A suggestion or piece of advice aimed at influencing a decision or course of action.