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Assume a production function with constant returns to scale. The share of capital in production is 1/4 and the share of labor is 3/If both labor and capital grow at 1.6% and the rate of technological progress is 1.2%, what is the rate of growth of real output?

A. 0.012
B. 0.016
C. 0.028
D. 0.032
E. 0.048

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Assume a production function with constant returns to scale. Labor's share of income is 4/5 and capital's share is 1/If labor grows at 3%, capital at 2%, and the rate of technological advance is 1.2%, roughly how many years would it take to double the current level of output?

A. 12
B. 18
C. 23
D. 35
E. 48

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Assume a production function with constant returns to scale. Labor's share of income is 0.7 and capital's share is 0.If labor grows at 4% and capital grows at 3%, how many years would it take to double the current level of output if no technological advances are made?

A. 7
B. 10
C. 19
D. 23
E. 33

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Assume a Cobb-Douglas production function, where the share of labor (N) and capital (K) is each 1/2 and A = If the growth rate of labor is n = 0.06, the rate of depreciation is d = 0.04, and the savings rate is s = 0.2, what is the value of the steady-state capital-labor ratio?

A. 0.5
B. 1
C. 2
D. 4
E. 5

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In the neoclassical growth model, if a nation's savings rate decreases, we should expect that

A. the long-run income per capita will increase
B. the long-run capital-labor ratio will increase
C. the growth rate of output will temporarily decrease but eventually return to its long-run trend
D. all of the above
E. none of the above

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Assume a production function with constant returns to scale. The share of capital in production is 1/4 and the share of labor is 3/If both labor and capital grow at 1.6% and the rate of technological progress is 1.2%, what is the rate of growth of real output?

A. 0.012 B. 0.016 C. 0.028 D. 0.032 E. 0.048

Assume a production function with constant returns to scale. Labor's share of income is 4/5 and capital's share is 1/If labor grows at 3%, capital at 2%, and the rate of technological advance is 1.2%, roughly how many years would it take to double the current level of output?

Assume a production function with constant returns to scale. Labor's share of income is 0.7 and capital's share is 0.If labor grows at 4% and capital grows at 3%, how many years would it take to double the current level of output if no technological advances are made?

Assume a Cobb-Douglas production function, where the share of labor (N) and capital (K) is each 1/2 and A = If the growth rate of labor is n = 0.06, the rate of depreciation is d = 0.04, and the savings rate is s = 0.2, what is the value of the steady-state capital-labor ratio?

In the neoclassical growth model, if a nation's savings rate decreases, we should expect that

A. 0.012
B. 0.016
C. 0.028
D. 0.032
E. 0.048