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Basic Question 12 of 18
Which factors affect the steady state values for the capital-to-labor ratio and output-per-worker? Assume neoclassical model.
II. Labor force growth.
III. Growth in TFP.
IV. Depreciation rate.
V. elasticity of output with respect to capital.
I. Saving rate.
II. Labor force growth.
III. Growth in TFP.
IV. Depreciation rate.
V. elasticity of output with respect to capital.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
compare classical growth theory, neoclassical growth theory, and endogenous growth theory;
explain and evaluate convergence hypotheses;
describe the economic rationale for governments to provide incentives to private investment in technology and knowledge;
CFA® 2025 Level II Curriculum, Volume 1, Module 9.