- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics
- Reading 11. Economic Growth and the Investment Decision
- Subject 5. Theories of Growth
CFA Practice Question
According to Solow, which of the following is not constant in the steady state?
A. marginal product of capital.
B. capital-to-labor ratio.
C. output-to-capital.
Explanation: It is rising at the same rate as the output-per-worker.
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