If the production function is given by , the saving rate, s, is 20 percent; the depreciation rate,
, is 10 percent; and
, the steady-state level of output is:
A) 1.4.
B) 4.0.
C) 2.0.
D) 8.0.
E) 3.5.

Question

If the production function is given by  , the saving rate, s, is 20 percent; the depreciation rate, 
, is 10 percent; and 
, the steady-state level of output is:
A) 1.4. 
B) 4.0. 
C) 2.0. 
D) 8.0. 
E) 3.5.

Quizplus · Accepted Answer

The Answer of If the production function is given by  , the saving rate, s, is 20 percent; the depreciation rate, 
, is 10 percent; and 
, the steady-state level of output is:
A) 1.4. 
B) 4.0. 
C) 2.0. 
D) 8.0. 
E) 3.5.

If the Production Function Is Given by , the Saving