Project capital, GDP, investment, and depreciation for Years t=0,1,2,...,10 and graph a time plot of all four variables. Be sure to Graph the time path of investment, depreciation, and production functions with time (year) on the horizontal axis Graph all four on a single set of axes Make sure the legend of the graph makes it clear which variable is being graphed Label all axes
Project capital, GDP, investment, and depreciation for Years t=0,1,2,...,10 and graph a time plot of all four variables. Be sure to Graph the time path of investment, depreciation, and production functions with time (year) on the horizontal axis Graph all four on a single set of axes Make sure the legend of the graph makes it clear which variable is being graphed Label all axes
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Transcribed Image Text:The economy of Zambia evolves according to the equations of the Solow model. It
has an investment rate of 0.5, a depreciation rate of 0.3, and the production
function
Y = AVK
where A=9. Assume the capital stock in Year O is Ko
= : 25.
Project capital, GDP, investment, and depreciation for Years t=0,1,2,...,10 and graph
a time plot of all four variables. Be sure to
Graph the time path of investment, depreciation, and production functions with
time (year) on the horizontal axis
Graph all four on a single set of axes
Make sure the legend of the graph makes it clear which variable is being graphed
Label all axes
You must draw your graph in Google Sheets, export it as a png file, and upload it in
the upload question below.
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