Question
Compute the growth rate for per-capita GDP ( d(Y (t)/L(t) ) dt / (Y (t)/L(t)) in the long run for the Solow economy with exogenous
Compute the growth rate for per-capita GDP
( d(Y (t)/L(t) ) dt / (Y (t)/L(t)) in the long run for the "Solow economy with exogenous technology progress", where the production function is given as Y (t) = (A(t)L(t))^1K(t) and A'(t) /A(t) = g, L'(t)/ L(t) = n.
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
