Benson’s established a trust fund that provides $125,000 in college scholarships each year. The trust fundearns a rate of return of 6.15 percent and…
September 15, 2020
Market equilibrium is thought to be efficient because the amount of social surplus or total surplus is maximized.
September 15, 2020

In the Solow model with population growth (n%)and with technological growth (g%), at what rate does the per capita income grow in steady state?

Select one:

a. 0%b. n%

c. (n+g)%

d. g%

e. (n-g)%

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