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Question11 In the Solow-Swan model, the steady-state level of output per worker is a function of the initial capital stock and the steady-state level of capital stock. the initial capital stock, productivity, and the saving rate. productivity, the depreciation rate, and the saving rate. productivity and the initial capital stock. the initial capital stock, productivity, and the depreciation rate. ResetMaximum marks: 1 Flag question undefined
选项
A.the initial capital stock and the steady-state level of capital stock.
B.the initial capital stock, productivity, and the saving rate.
C.productivity, the depreciation rate, and the saving rate.
D.productivity and the initial capital stock.
E.the initial capital stock, productivity, and the depreciation rate.
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Question: In the Solow-Swan model, the steady-state level of output per worker is a function of which factors?
Option 1: the initial capital stock and the steady-state level of capital stock.
Reasoning: In the Solow-Swan framework, the steady-state level of capital (k*) is determined by parameters like savings rate, population growth, and technology (productivity) growth, as well as depreciation. The initial capital stock does not determine the steady-state; it only affects the trajectory to......Login to view full explanation登录即可查看完整答案
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