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Question 11 Assume a country produces output according to a production function: Y = the growth rate of A is 1%, what is the growth rate of A² 1% O 2% O3% O 4% Question 2 What is the steady state level of capital per effective worker in the last question (with A growing at 1%) if population growth is 2%, depreciation is 6%, and s-0.5 16 O 25 36 AK/L/21 000

Question 11 Assume a country produces output according to a production function: Y = the growth rate of A is 1%, what is the growth rate of A² 1% O 2% O3% O 4% Question 2 What is the steady state level of capital per effective worker in the last question (with A growing at 1%) if population growth is 2%, depreciation is 6%, and s-0.5 16 O 25 36 AK/L/21 000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Question 11 Assume a country produces output according to a production function: Y = = AK/2L/21 the growth rate of A is 1%, what is the growth rate of A² O 2% O3% O 4% 1% Question 2 What is the steady state level of capital per effective worker in the last question (with A growing at 196) if population growth is 2%, depreciation is 6%, and s-0.5 16 O 25 36 O 49 Question 3. At the steady state in the previous question, what is the growth rate of capital per effective worker (hint: what is the definition of steady state?) 0 0% O 1% 2% 4%
Transcribed Image Text:Question 11 Assume a country produces output according to a production function: Y = = AK/2L/21 the growth rate of A is 1%, what is the growth rate of A² O 2% O3% O 4% 1% Question 2 What is the steady state level of capital per effective worker in the last question (with A growing at 196) if population growth is 2%, depreciation is 6%, and s-0.5 16 O 25 36 O 49 Question 3. At the steady state in the previous question, what is the growth rate of capital per effective worker (hint: what is the definition of steady state?) 0 0% O 1% 2% 4%
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