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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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
