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Title: Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the depreci Post by: Nurşah Akın1 on Jun 4, 2021 Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate
(s) and the depreciation rate (δ) are equal to 0.10. Further, suppose that the number of workers grows at 3% per year (n = 0.03) and the rate of technological progress is 7% per year (a = 0.07). Further assume that the population growth is equal to the labour force growth Find the steady-state values of: a- the capital stock per effective worker. b- output per effective worker. c- the growth rate of output per effective worker. d- the growth rate of output per worker e- Draw a diagram and show all your results in a diagram. Title: Re: Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Post by: bio_man on Jun 5, 2021 I found a similar question from another website. Maybe it'll help you:
(https://biology-forums.com/gallery/43/6_05_06_21_11_15_36.png) (https://biology-forums.com/index.php?action=gallery;sa=view&id=43096) (https://biology-forums.com/gallery/43/6_05_06_21_11_15_43.png) (https://biology-forums.com/index.php?action=gallery;sa=view&id=43097) |