If Y = K^1/2, the Country Saves 10 Percent of Its

question 46

Multiple Choice

If y = k^1/2, the country saves 10 percent of its output each year, and the steady-state level of capital per worker is 4, then the steady-state levels of output per worker and consumption per worker are:

• A) 2 and 1.6, respectively.
• B) 2 and 1.8, respectively.
• C) 4 and 3.2, respectively.
• D) 4 and 3.6, respectively.

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Extrinsic Motivator

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