Answered: In the one country model of…

In the one country model of technological growth, if A = 2, L = 100, and the fraction of worker in R&D, (gamma) y = 0.2, output per capita for this country is А. 1.2 В. 1.4 С. 1.6 D. 1.8

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

In the one country model of technological growth, if
A = 2, L = 100, and the fraction of worker in R&D,
(gamma) y = 0.2, output per capita for this country is
А. 1.2
В. 1.4
C. 1.6
D. 1.8

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