Consider an economy with the following parameters: a =0.5 s=0.6 , savings/investment rate d=0.04, rate of depreciation of capital n=0.04, population growth rate g=0.03, growth rate of A h = 3, human capital The economy is currently at steady-state and the value of A is equal to 1000. What is the value of output per worker y in 10 years from now? Enter your answer as the nearest whole number without commas.

Consider an economy with the following parameters: a =0.5 s=0.6 , savings/investment rate d=0.04, rate of depreciation of capital n=0.04, population growth rate g=0.03, growth rate of A h = 3, human capital The economy is currently at steady-state and the value of A is equal to 1000. What is the value of output per worker y in 10 years from now? Enter your answer as the nearest whole number without commas.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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answer questions a and b please
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