if y=10k0.5 and current k is 100, depreciation is 10%, population growth is 2%, then for income per person to grow, the saving rate must exceed OA 10% OB. 8% OC 12% OD.6%

Microeconomic Theory
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ISBN:9781337517942
Author:NICHOLSON
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Chapter17: Capital And Time
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QUESTION 7
if y=10k0. and current k is 100, depreciation is 10%, population growth is 2%, then for income per person to grow, the saving rate must exceed
O A. 10%
O B. 8%
OC. 12%
OD.6%
Transcribed Image Text:QUESTION 7 if y=10k0. and current k is 100, depreciation is 10%, population growth is 2%, then for income per person to grow, the saving rate must exceed O A. 10% O B. 8% OC. 12% OD.6%
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