A) The steady state rate of growth of output per capita will equal the rate of growth of technological progress.

B) The number of transistors in a chip would double approximately every 18-24 months.

C) The steady state rate of growth of output per effective worker will be zero.

D) The saving rate that maximizes steady state consumption is .5 (s = 0.5).

E) none of the above

ANSWER:

B