No chatgpt used i will give 5 upvotes typing please Population Growth and Technological Progress - Work It OutIn the nation of Winknam, the capital share of GDP is 40 percent, the average growth in output is 5.0 percent per year, thedepreciation rate is 5.0 percent per year, and the capital-output ratio is 5.5. Suppose that the production function is Cobb-Douglas and that Winknam has been in a steady state.Round answers to two places after the decimal when necessary.b. In the initial steady state, what is the marginal product of capital (MPK)?MPK

Since the production function is Cobb-Douglas and capital share of GDP = 40% = 40/100 = 2/5 Thus,…

Answered: Population Growth and Technological…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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