In a steady-state economy with no population growth, output per ...

[kamilo84]

In a steady-state economy with no population growth, output per worker is 35, the saving rate is 20 percent, and the depreciation rate is 11 percent. The level of capital per worker is ________.
 
  A) 64
  B) 19
  C) 39
  D) 28

Question 2

Within the IS-LM curve model, a decline in expectations would
 
  a. lower income and the interest rate.
  b. increase income and lower the interest rate.
  c. lower income, but leave the interest rate unchanged.
  d. lower the interest rate, but leave income unchanged.
  e. lower income and increase the interest rate.

[deja]

Answer to Question 1

A

Answer to Question 2

A

[kamilo84]

Thanks for the timely response, appreciate it

[lcapri7]

Excellent