The growth path resulting from technological progress for a given saving rate is known as the ?
Correct answer: A. Steady state growth path
- A. Steady state growth path
- B. Steady state invention rate
- C. Steady state level of output
- D. Unsteady state growth path
Explanation
A steady-state growth path is the path of output and capital generated by a given saving rate alongside technological progress, with key variables growing at stable rates. The other options are not standard names for this path.
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