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In a Solow model with no growth, the production function is F= k^1/3 L^2/3 and the depreciation rate is 2%. What is the golden rule
In a Solow model with no growth, the production function is F= k^1/3 L^2/3 and the depreciation rate is 2%. What is the golden rule steady state capital per worker?
A. 8.25
B. 6.51
C. .15
D. 68.04
E. 12.04
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The Levelling What's Next After Globalization
Authors: Michael O'Sullivan
1st Edition
1541724089, 9781541724082
