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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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