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The Solow model: Y=AKL(1-); S=I=sY; Kt+1=(1-)Kt + I; Kss = (sA/)1/(1-)L; Y=C+I; kss = (sA/)1/(1-) Given: A=4, K=27, L=8, = 0.10, s=0.10, =1/3 Find Investment
The Solow model: Y=AKL(1-); S=I=sY; Kt+1=(1-)Kt + I; Kss = (sA/)1/(1-)L; Y=C+I; kss = (sA/)1/(1-) Given: A=4, K=27, L=8, = 0.10, s=0.10, =1/3 Find Investment I. A. 3.2 B. 4.8 C. 7.4 D. 8.3
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Issues in Economics Today
Authors: Robert C. Guell
8th edition
1259746399, 1259746390, 978-1259746390
