assume that a countrys per-worker production is y=根号下k,where y is output per worker and k is capital per worker,assume also that 8 percent of capital depreciates per year and population(workers) grows at 2 percent per year
1 if the saving rate SR is 0.4,what are capital per worker,production per worker,and consumption per worker in the steady state
2 define the golden rule and calculate the golden rule capital stock per worker and the golden rule saving rate
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