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Soru 3 Suppose that while Turkey and Venezuela are alike in depreciation rate, 0.05 and capital share of income, 1/3, they differ in their savings
Soru 3 Suppose that while Turkey and Venezuela are alike in depreciation rate, 0.05 and capital share of income, 1/3, they differ in their savings rate where s, = 0.27 and Sy = 0.03 respectively. Assuming no technological progress and population growth, GDP per capita in Turkey at the steady state is 27 I times higher than GDP per capita in Venezuela. Gonder Testi duraklat
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