Question
Consider a country with the saving rates being 0.3 and the depreciation rate 0.3. The aggregate production function is given byY=KN1 where is 0.5 and
Consider a country with the saving rates
being 0.3 and the depreciation rate 0.3. The aggregate production function is given byY=KN1
where is 0.5 and employment is fixed at 2.
Compute aggregate consumption,C in the steady state. Round your answer to one decimal place
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Public Relations
Authors: Tom Kelleher
1st Edition
0190201479, 9780190201470
