In the neoclassical growth model we express the investment function as i= sf(k), where i is investment
Question:
A) Plot the saving function, i= sf(K) and output function y=f(k)=k1/2, where s=0.3and values of k vary between 4 and 9
B) Find consumption per worker for k=4 and k=9
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A B When k 4 y 4 12 2 Consumption c ...View the full answer
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Related Book For 
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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