Essay
Suppose k = y¹/⁴,total factor productivity is constant and equal to 1,s = 0.40,and d = 0.05.
a. Find the steady-state capital-labour ratio for this economy.
b. Find the steady-state real GDP per worker for this economy.
c. Find the steady-state level of investment per worker for this economy.
d. Find the steady-state level of consumption per worker for this economy.
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a. The steady-state capital-labour ratio...View Answer
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