如下

问题如下：

Using the data presented in Exhibit 1, Country X's steady state rate of growth is closest to:

选项：

A.5.77%.
B.5.27%. C.5.63%.

解释：

Steady state of growth = ΔY/Y = θ/(1 – α) + n,θ= growth rate of TFP (in this case, 2.25)(1 – α) = labor cost in total factor cost (in this case, 0.689)n = labor force growth (in this case, 2%)For Country X: ΔY/Y = 2.25/0.689 + 2 = 5.27%

稳定增长= ΔY/Y = θ/(1 - α) + n，θ= TFP增长率(在此例中为2.25)(1 - α) =全要素成本中的劳动力成本(在此例中为0.689)n =劳动力增长率(在此例中为2%)

对于X国:ΔY/Y = 2.25/0.689 + 2 = 5.27%