4.If population growth rate is 0.03, and the depreciation rate is 0.2, then in order to maintain the steady state capital-labor ratio equal to the amount found in Qs. 2, what would be the investment per worker?
4.If population growth rate is 0.03, and the depreciation rate is 0.2, then in order to maintain the steady state capital-labor ratio equal to the amount found in Qs. 2, what would be the investment per worker?
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 3P
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4.If population growth rate is 0.03, and the depreciation rate is 0.2, then in order to maintain the steady state capital-labor ratio equal to the amount found in Qs. 2, what would be the investment per worker?
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