IIT JAM MA Practice Questions - IIT JAM Mathematics (MA) - Joint Admission Test For Masters Exam

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In the Solow growth model with constant population and no technology growth, the economy converges to a steady state where:

Capital per worker grows at the savings rate Output per worker grows at the rate of depreciation Investment per worker equals depreciation per worker Consumption per worker equals zero

Correct Answer:

Investment per worker equals depreciation per worker

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