If the population of Country A grows at 3% a year but technology growt

If the population of Country A grows at 3% a year but technology growth is zero, then the neoclassical model predicts that in the steady state

a. the capital-to-labor ratio will increase at 3% a year.
b. per capita output to grow at 3% a year.
c. per capital output to grow at less than 3% a year.
d. the capital-to-labor ratio to decrease at 3% a year.
e. a and b.

ANSWER

D