Question
Consider the following production function Y = F(K; L) = AK + BL; which is not neoclassical. Show that the growth rate of the capital
Consider the following production function
Y = F(K; L) = AK + BL;
which is not neoclassical.
Show that the growth rate of the capital stock per person is:
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
