Question
Output per workeryt = 4 kt^1/3, the saving rate is 30%, the depreciation rate is 0.133, and the population growth rate is 2%.The steady-state values
Output per workeryt = 4 kt^1/3, the saving rate is 30%, the depreciation rate is 0.133, and the population growth rate is 2%.The steady-state values of capital per worker and consumption per worker approximately are_____ and _____.
The answer should be 22 and 7.85, please show how to calculate.
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
