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If the per worker production function is given by Y= k^1/3, the savings rate (s) is 6 percent and the depreciation rate is 24 percent,
If the per worker production function is given by Y= k^1/3, the savings rate (s) is 6 percent and the depreciation rate is 24 percent, then the steady state capital per worker is :
A. 8
B. 4
C. .125
D. 1
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Principles Of Microeconomics
Authors: N Gregory Mankiw
9th Edition
035713348X, 9780357133484
