subject
Business, 06.03.2020 19:15 foriegnngal

Consider a closed economy in which the population grows at the rate of 2% per year. The per-worker production function is given as: Bold y equals 4 StartRoot Bold k EndRoot, where y is output per worker and k is capital per worker. The depreciation rate of capital is 18.00% per year. Suppose that households consume 75% of income and save the remaining 25%. There is no government. (Enter all responses as integers or decimals rounded to one place as appropriate.) Households consume 90% of income and save the remaining 10% of income. There is no government. What are the steady-state values of capital per worker, output per worker, consumption per worker, and investment per worker? Suppose that the country wants to increase its steady-state value of output per worker. What steady-state value of the capital–labor ratio is needed to double the steady-state value of output per capita? What fraction of income would households have to save to achieve a steady-state level of output per worker that is twice as high as in Part (

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:30
What do economists mean when they use the latin expression ceteris paribus?
Answers: 3
question
Business, 21.06.2019 23:20
Which feature transfers a slide show into a word-processing document?
Answers: 2
question
Business, 22.06.2019 11:10
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
question
Business, 22.06.2019 19:40
Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.
Answers: 1
You know the right answer?
Consider a closed economy in which the population grows at the rate of 2% per year. The per-worker p...
Questions