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    Question

       Consider the following production function Y

    = F(K,AL) = K1/3(AL)2/3 Calculate the Golden state level of capital per effective unit of labor, when saving rate is 25%, depreciation is 6%, technological growth is 2% and population growth is 2%
    A 6.08 Correct Answer Incorrect Answer
    B 3.00 Correct Answer Incorrect Answer
    C 1.62 Correct Answer Incorrect Answer
    D 3.33 Correct Answer Incorrect Answer

    Solution

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