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Indonesia lives in a Solow world. It has a per capita production function given by yt = 6560.37. Consider the following approximation for the capital
Indonesia lives in a Solow world. It has a per capita production function given by yt = 6560.37. Consider the following approximation for the capital per capita accumulation equation kt+1 = kt + s (zk.) - (n + 8)kt. Indonesia has an investment rate of 21.7%, a depreciation rate of 5%, and a population growth rate of 2.2%. What is the capital intensity at the steady- state?Indonesia lives in a Solow world. It has a per capita production function given by yt = 65610.37. Consider the following approximation for the capital per capita accumulation equation kt+1 = kt + s (zky) - (n+ 8)kt. Indonesia has an investment rate of 21.7%, a depreciation rate of 5%, and a population growth rate of 2.2%. What is the output per capita at the steady- state?Indonesia lives in a Solow world. It has a per capita production function given by yt = 65610.37. Consider the following approximation for the capital per capita accumulation equation kt+1 = kt + s (zk.) - (n+ 8)kt. Indonesia has an investment rate of 21.7%, a depreciation rate of 5%, and a population growth rate of 2.2%. What is the consumption per capita at the steady-state
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