In the steady state, _____ consumption per worker is maximized. investment per worker exceeds depreciation per worker. the growth rate of output per worker equals zero. capital per worker grows.

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A: An aggregate production function represents the relationship between the total output of an economy…

Q: The economy does not grow once it reaches a steady state. This result is based on the assumption…

A: When talking about the steady state of an economy, it is considered as the point with highest output…

Q: Improvements in their productivity of labor will tend to

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