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Consider an economy that is described by the production function y = k (el) . the depreciation rate is 5 =0.15 , and population growth rate is n=0.05. technology grows at the rate g=0.1. what are the golden rule levels of capital and output per effective worker? ok=2.13, y=1.11 ok=3.12, y=1.65 ok=2.77, y=1.66 ok=2.77, y=1.90
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Consider an economy that is described by the production function y = k (el) . the depreciation rate...
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