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Ao9 Ao9
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8 years ago
In Solow's model of economic growth, suppose that s represents the savings rate, z represents total factor productivity, k represents the level of capital per worker, and f(k) represents the per-worker production function. Also suppose that n represents the population growth rate and d represents the depreciation rate of capital. The equilibrium level of capital per worker, k*, will satisfy the equation
A) szk* = (n + d)f(k*).
B) szf(k*) = (n + d)k*.
C) nf(k*) = (sk to power of (())/(s + d)).
D) f(k*) = (s/(n + d))k*.
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Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
Wow!!
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#3
8 years ago
I'm assuming I was right? Wink Face Don't forget to mark as solved.
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