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ice5192 ice5192
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6 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) szf(k*) = (n + d) k*.
B) szk* = (n + d)f(k*).
C) nf(k*) =  .
D) f(k*) =  k*.
E) f(k*) = (n + d)k*.
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Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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karmarkarmar
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ice5192 Author
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5 years ago
Yes, correct
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