Hello sir , in my opinion, the answer to the second(2) question should be 0.1. Since the rate of growth of aggregate output, in steady state, is equal to 'n' i.e population growth / labour force growth which is given here as 1/10. Therefore, rate of growth of aggregate output is 0.1. Kindly suggest corrections, if any. Thank you
very nicely explained sir
really found it helpful 🙏
thanks
Kindly solve the Indian economics service numerical questions.. Please sir..
Hello sir , in my opinion, the answer to the second(2) question should be 0.1. Since the rate of growth of aggregate output, in steady state, is equal to 'n' i.e population growth / labour force growth which is given here as 1/10. Therefore, rate of growth of aggregate output is 0.1. Kindly suggest corrections, if any. Thank you
Yes this should be..
Bcz K is widening up
I agree