CFA Practice Question

There are 253 practice questions for this study session.

CFA Practice Question

An economy reaches a steady state rate of growth when:
A. the output-to-capital ratio is constant.
B. the capital-to-labor ratio is constant.
C. capital per worker is the same as output per worker.
Explanation: In such a state capital per worker and output per worker grow at the same rate. Notice the concept of growth here.

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