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    Question

    Consider the following production function Y =

    F(K,AL) = K1/3(AL)2/3 Calculate the steady state level of output per effective unit of labor, when saving rate is 25%, depreciation is 6%, technological growth is 2% and population growth is 2%
    A 1.40% Correct Answer Incorrect Answer
    B 1.58% Correct Answer Incorrect Answer
    C 1.65% Correct Answer Incorrect Answer
    D 1.78% Correct Answer Incorrect Answer

    Solution

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