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If We Define the Saving Rate As sˉ\bar { s }

Question 26

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If we define the saving rate as sˉ\bar { s } , output as F(Kt,Lˉ)F \left( K _ { t } , \bar { L } \right) , and the depreciation rate as dˉ\bar d , and if sˉF(Kt,Lˉ)>dˉKt\bar { s } { F } \left( K _ { t } , \bar { L } \right) > \bar { d } K _ { t } , the economy is in the steady state.

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