= Country A produces GDP according to the following equation: GDP 5K. The country has a depreciation rate of 6.9%. What does this country's savings rate need to be in order to sustain a steady-state GDP of $142? Put your answer into percentage form (e.g. 30.57% not 0.3057) and then round to two decimal places. You do not need to include the % sign.

= Country A produces GDP according to the following equation: GDP 5K. The country has a depreciation rate of 6.9%. What does this country's savings rate need to be in order to sustain a steady-state GDP of $142? Put your answer into percentage form (e.g. 30.57% not 0.3057) and then round to two decimal places. You do not need to include the % sign.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter14: Investment, The Capital Market, And The Wealth Of Nations

Section: Chapter Questions

Problem 11CQ

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