- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 9. Economic Growth
- Subject 5. Theories of Growth
CFA Practice Question
θ/(1-α) is:
B. marginal product of capital.
C. steady state growth rate of labor productivity.
A. output per capita.
B. marginal product of capital.
C. steady state growth rate of labor productivity.
Correct Answer: C
It is the growth rate of output per capita when the economy is in steady state.
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