The next set of questions will use the Exam Two data sheet again. If it's helpful, here's the table you'll be working with here in the exam itself: Table v 66 c MPK MPK-6 0.5 Question 13 3 pts For the next four questions on the exam, consider the information on Economy Mon the exam data sheet. These questions will all concern Economy M, which has a per-worker production function of 112 Note that the MPK for this production function can be written as 0.5k. Capital in this economy depreciates at a steady annual rate of 10%. This economy has no population growth or increases in technology or human capital over time. Consult Table B on the data sheet. You will be filling out the given row of values using the given information over the next several questions, carefully following all formatting information (make sure to round all intermediate and final answers to THREE decimal places! Note that you will have to begin by calculating an equation in the format k =, allowing the "s" term to vary to plug in the savings rate given in the table. Make sure you do this correctly it can affect your other answers! Enter the value for Cell as on the data sheet. Be extra careful with which cell the question is asking for -- note that I'm not asking for all cells on the documentation sheet to be submitted on the exam. (Hint for all questions related to this data set: The economy uses capital easily split into small units. Don't worry about numbers that seem small or that are not whole numbers if you happen to run across them.) Question 14 3 pts Continue with the information about Economy M given in the previous question. Keep filling out the table, carefully following all formatting instructions from the directions (make sure to round all intermediate and final steps to THREE decimal places!). Enter the value for cell bb on the data sheet. Continue with the information about Economy M given in the previous question. Keep filling out the table.carefully following all formatting instructions from the directions (make sure to round all intermediate and final steps to THREE decimal places!). Enter the value for cell cc on the data sheet. Question 16 3 pts the Golden Rule savings rate because In the information about Economy M, 50%. MPK and the depreciation rate equal is, are is not; are not is: are not is not: are The next set of questions will use the Exam Two data sheet again. If it's helpful, here's the table you'll be working with here in the exam itself: Table v 66 c MPK MPK-6 0.5 Question 13 3 pts For the next four questions on the exam, consider the information on Economy Mon the exam data sheet. These questions will all concern Economy M, which has a per-worker production function of 112 Note that the MPK for this production function can be written as 0.5k. Capital in this economy depreciates at a steady annual rate of 10%. This economy has no population growth or increases in technology or human capital over time. Consult Table B on the data sheet. You will be filling out the given row of values using the given information over the next several questions, carefully following all formatting information (make sure to round all intermediate and final answers to THREE decimal places! Note that you will have to begin by calculating an equation in the format k =, allowing the "s" term to vary to plug in the savings rate given in the table. Make sure you do this correctly it can affect your other answers! Enter the value for Cell as on the data sheet. Be extra careful with which cell the question is asking for -- note that I'm not asking for all cells on the documentation sheet to be submitted on the exam. (Hint for all questions related to this data set: The economy uses capital easily split into small units. Don't worry about numbers that seem small or that are not whole numbers if you happen to run across them.) Question 14 3 pts Continue with the information about Economy M given in the previous question. Keep filling out the table, carefully following all formatting instructions from the directions (make sure to round all intermediate and final steps to THREE decimal places!). Enter the value for cell bb on the data sheet. Continue with the information about Economy M given in the previous question. Keep filling out the table.carefully following all formatting instructions from the directions (make sure to round all intermediate and final steps to THREE decimal places!). Enter the value for cell cc on the data sheet. Question 16 3 pts the Golden Rule savings rate because In the information about Economy M, 50%. MPK and the depreciation rate equal is, are is not; are not is: are not is not: are
