In year 1, the level of capital per worker is 16. In a table such as the following one: Year 1 2 Show how capital and output change over time? Capital k 16 16.2 Output y=k¹2 Investment YY 1 Depreciation ok 0.8 Change in Capital Stock YY-8k 0.2

In year 1, the level of capital per worker is 16. In a table such as the following one: Year 1 2 Show how capital and output change over time? Capital k 16 16.2 Output y=k¹2 Investment YY 1 Depreciation ok 0.8 Change in Capital Stock YY-8k 0.2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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A2-2(b)
In year 1, the level of capital per worker is 16. In a table such as the following one:
Year
1
2
Show how capital and output change over time?
Capital
k
16
16.2
Output
y=k¹/2
4
Investment Depreciation
YY
Sk
1
0.8
Change in
Capital Stock
Yy-ok
0.2

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