- 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
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.
Correct Answer: All of them
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