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For this question please give each economy's steady-state physical capital per capita. All of the economies presented below have A = 1, = 0.3 and
For this question please give each economy's steady-state physical capital per capita. All of the economies presented below have A = 1, = 0.3 and = 0.05. Also, =investment rate and n = population growth rate. Please round your answers to the nearest decimal:
What is economy 1's steady-state level of physical capital per capita? Economy 1 has: = 0.25, n = 0.01.
What is economy 2's steady-state level of physical capital per capita? Economy 2 has: = 0.25, n = 0.05.
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