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13. O [Q13-Q19] Go back to the case of Emunistan. Suppose that the Emunistani economy has been in the steady state corresponding to the initial
13. O [Q13-Q19] Go back to the case of Emunistan. Suppose that the Emunistani economy has been in the steady state corresponding to the initial situation. Further suppose that, at period 0, the government changes the saving rate to the golden rule level sq. Choose the numbers closest to the answers for Q13-Q19. t=0 t=1 t=2 t=00 s = 0.25 S = Sg Q13. Q14. Q15. Q16. Q17. .J ? C ? Q18. Q19. Q13. Choose the closest one. (1 point) O1) a) 60 02) b) 70 03) c) 80 04) d) 90 14. 14. Choose the closest one. (2point) 1) a) 74 O2) b) 88 03) () 94 04) d) 110\f1. 0 [Q1-Q3] Suppose Emunistan has the aggregate production function: Y = AK1/2L1/, where the level of technology A is fixed at 8. Assume the following initial situation: - the saving rate is 0.25, - the depreciation rate is 0.2, - there is no population growth. Q1. steady state capital stock per person (k*) (1 point) O1) a) 20 O2) b) 40 O3) () 60 04) d) 80 05) e) 100
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