Question: The aggregate production function (, ) has the usual properties. The aggregate production function F(K, EL) has the usual properties. K, denotes capital input, L

The aggregate production function (, ) has the usual properties.

The aggregate production function (, ) has the usual properties. The aggregate

The aggregate production function F(K, EL) has the usual properties. K, denotes capital input, L denotes labor input, and E, is a productivity parameter in period . Population and technology grow at constant rates n and g, respectively. Capital depreciates at rate 8. Let Aki+1 = Ki+1 - k, denote the 1-period change of capital per effective worker, k, = E, L: Ki The fundamental law of motion is approximately given by: Trieu-ne una: O a. I do not want to answer this question (0 points). b. None of the given answers is correct. O c. Aki+1 = it - (n+ g + 8)k,, where i, denotes net investment per effective worker. O d. Akt+1 = sfki - (g + 6)k+, where s denotes the savings rate, and f(k ) denotes output per effective worker. O e. Aki+1 = it - (n + g + 6)k,, where i, denotes gross investment per effective worker. O f. Aki+1 = sfk, - (n + 8)k, where s denotes the savings rate, and f(k,) denotes output per effective worker

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