Question: If the production function is y = k1/2, labour force grows at rate n, technical progress is rate g and the savings rate is s,

If the production function is y = k1/2, labour force grows

If the production function is y = k1/2, labour force grows at rate n, technical progress is rate g and the savings rate is s, the steady-state value of y is: Oy = (s + g) / (8 + n). O y= s / (8 + n+g) O y = s / ((8 + n + g)squared) Q y = s / square root(6 + n + g)

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