In: Economics
Suppose that Nimmerland is identical to Korea, except that it has a higher population growth. Then for Nimmerland, compared with Korea:
8. the steady-state capital stock per person is:
a) higher b) lower c) same d) uncertain
9. the steady-state growth rate in the capital is:
a) higher b) lower c) same d ) uncertain
10. the golden rule of capital per person is:
a) higher b) lower c) same d) uncertain