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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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