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Basic Question 2 of 18
Neoclassical growth theory says an economy reaches a steady state rate of growth when:
II. the capital-to-labor ratio is constant.
III. capital per worker and output per worker grow at the same rate.
I. the output-to-capital ratio is constant.
II. the capital-to-labor ratio is constant.
III. capital per worker and output per worker grow at the same rate.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe the expected impact of removing trade barriers on capital investment and profits, employment and wages, and growth in the economies involved.
CFA® 2025 Level II Curriculum, Volume 1, Module 9.