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sol the plzz sol question 2 please sol question 2 plzz where L(c) is the population and we assume its growth rate is n. Compute
sol the plzz
sol question 2 please
sol question 2 plzz
where L(c) is the population and we assume its growth rate is n. Compute the growth rate of y(t) on balanced growth path. Discuss the optimal tax rate to maximize GDP growth. 2. Assume individual's utility flow function takes form: u(c) = log(c). For each of the following production function, a) describe the physical capital accumulation equation; b) obtain the GDP growth rate. (a) Y(0) - AK(C) + BLO), A > 0, B > 0 (b) Y(0) = [ox(0+ (1 - 0)24) +-)5,0>1 3. Assume representative agent's utility function takes form: 12:58 11 ..ll 54% 1. Modify the model on public capital and endogenous growth" in the following way: tin production now becomes Y(!)- ATG) ) where Lt) is the population and we assume its growth rate is n. Compute the growth rate of y(t) on balanced growth path. Discuss the optimal tax rate to maximize GDP growth 2. Assume individual's utility flow function takes form: u(e) = logle). For each of the following production function, a) describe the physical capital accumulation equation; b) obtain the GDP growth rate. (a) Y(0) = AK (0) + BLO, A > 0,B> 0 (b) Y(0) - >= [03c()**+(1 044)**] 3. Assume representative agent's utility function takes form: max (1 8(tyzat where 0Step by Step Solution
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