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In the Romer model output is given by ü = e where j = ALy = A(1-sR) %3D Assume that = ALA Further assume that a = 0.5 and La = sRL, Ly = (1– SR)L. Assume that the rate of savings sK = 0.2 and the rate of depreciation of capital ô = 0.05. Answer the following questions given this information and any additional parameter values. For growth rates, enter as percent with 2 decimals. For other values, enter with 2 decimals. Assume the population growth rate n is equal to 0.05. What is the percent rate of growth of A on the balanced growth path? Answer: Assume the population growth rate n is equal to 0.03. Further assume productivity of research 8 = 2, the share of researchers sR = .05. If the economy is now at a steady-state with L=500, what is the level of output per worker y?

In the Romer model output is given by ü = e where j = ALy = A(1-sR) %3D Assume that = ALA Further assume that a = 0.5 and La = sRL, Ly = (1– SR)L. Assume that the rate of savings sK = 0.2 and the rate of depreciation of capital ô = 0.05. Answer the following questions given this information and any additional parameter values. For growth rates, enter as percent with 2 decimals. For other values, enter with 2 decimals. Assume the population growth rate n is equal to 0.05. What is the percent rate of growth of A on the balanced growth path? Answer: Assume the population growth rate n is equal to 0.03. Further assume productivity of research 8 = 2, the share of researchers sR = .05. If the economy is now at a steady-state with L=500, what is the level of output per worker y?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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In the Romer model output is given by ü = e where j = ALy = A(1-sR) %3D Assume that = ALA Further assume that a = 0.5 and La = sRL, Ly = (1– SR)L. Assume that the rate of savings sK = 0.2 and the rate of depreciation of capital ô = 0.05. Answer the following questions given this information and any additional parameter values. For growth rates, enter as percent with 2 decimals. For other values, enter with 2 decimals. Assume the population growth rate n is equal to 0.05. What is the percent rate of growth of A on the balanced growth path? Answer: Assume the population growth rate n is equal to 0.03. Further assume productivity of research 4 = 2, the share of researchers sR = .05. If the economy is now at a steady-state with L=500, what is the level of output per worker y? Answer: Assume the population growth rate n is equal to 0.01. Further assume productivity of research e = 2, the share of researchers sR = 0.05. The economy is now at a steady-state with L=500. Assume there is an increase in SR = 0.1. What is the immediate impact on the growth rate of A? Enter the new value in percent. Answer:
Transcribed Image Text:In the Romer model output is given by ü = e where j = ALy = A(1-sR) %3D Assume that = ALA Further assume that a = 0.5 and La = sRL, Ly = (1– SR)L. Assume that the rate of savings sK = 0.2 and the rate of depreciation of capital ô = 0.05. Answer the following questions given this information and any additional parameter values. For growth rates, enter as percent with 2 decimals. For other values, enter with 2 decimals. Assume the population growth rate n is equal to 0.05. What is the percent rate of growth of A on the balanced growth path? Answer: Assume the population growth rate n is equal to 0.03. Further assume productivity of research 4 = 2, the share of researchers sR = .05. If the economy is now at a steady-state with L=500, what is the level of output per worker y? Answer: Assume the population growth rate n is equal to 0.01. Further assume productivity of research e = 2, the share of researchers sR = 0.05. The economy is now at a steady-state with L=500. Assume there is an increase in SR = 0.1. What is the immediate impact on the growth rate of A? Enter the new value in percent. Answer:
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