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- Which of the following will not result in an increase in output per worker?
- An increase in the capital stock, ceteris paribus
- The capital stock increases at a faster rate than the labor supply, ceteris paribus
- The capital stock and labor supply increase at the same rate, ceteris paribus
- There is a labor-augmenting technological change, ceteris paribus
- A steady state exists when there is no growth of the labor supply and
- Saving per worker is greater than depreciation investment per worker
- Depreciation investment per worker is greater than saving per worker
- Saving per worker less depreciation investment per worker is zero
- Depreciation per worker is zero
- When A = 2, K = 80, L = 20, and the Cobb-Douglas production function is \(Y = {K^{0.5}}{L^{0.5}}\)
- The capital-labor ratio is 4 and output per worker is $4.00
- The capital-labor ratio is 0.25 and output per worker is $4.00
- The capital-labor ratio is 4 and output per worker is $2.00
- The capital-labor ratio is 0.25 and output per worker is $2.00
- When A = 3, the saving rate is 0.40, the depreciation rate is 0.10, and there is no labor supply growth
- The steady state capital-labor ratio is 48 and output per worker is $36.00
- The steady state capital-labor ratio is 144 and output per worker is $36.00
- The steady state capital-labor ratio is 16 and output per worker is $12.00
- The steady state capital-labor ratio is 36 and output per worker is $18.00
- When an economy is at steady state growth and there is an increase in the saving rate
- The saving curve shifts upward and there is no change in output curve
- Saving per worker exceeds depreciation investment per worker and the economy is below the steady state capital-labor ratio
- The saving curve shifts upward and there is no shift of the depreciation line
- All of the above
- None of the above
- The golden rule steady state exists when
- Saving per worker is maximized at a steady state capital-labor ratio
- Depreciation investment per worker at a steady state capital-labor ratio is maximized
- The distance between the output curve and depreciation line is maximized at a steady state capital-labor ratio
- The depreciation rate is zero
- An increase in teh rate of labor supply growth
- Has no effect upon the steady state capital-labor ratio
- Increases the steady state capital-labor ratio
- Decreases the steady state capital-labor ratio
- Increases output per worker at the steady state
- A neutral technological change
- Shifts the depreciation line leftward
- Increases the effective labor supply
- Has no effect upon the capital-labor ratio
- Shifts the saving and output curve upward
- A labor-augmenting technological change has no effect upon the
- Depreciation investment line
- Saving curve
- Output curve
- Capital-effective labor ratio
- When the share of output going to.capital is 0.25, the share going to labor is 0.75, output increases 4%, labor increases 1%, and capital increases 2%, the increase in productivity is
- 0.75%
- 1%
- 1.25%
- 2.75

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