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Consider a Soloweconom'gur with a production function F (K, L) = If L1 Consider a Solow economy with a production function F (K, L) Ka
Consider a Solow economy with a production function F (K, L) Ka Lla, wherea 0.5. The labor force isj 1 The supplyof capital attime zero is Ko = 94. The saving rate iss = 0.2. The depreciation rate isd = 0.6. At time t, the stockof capital in the economy will be K2 = Round your answers to 2 decimal places (for example, 3.454 should be rounded down to 3.45, and 3.455 should be rounded up to 3.46).
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