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Solow Model Simulations Inputs: Data YO = $278.29 Billion KO = LO = A0 = $19.04 millior. $9.76 million 1.00097 Inputs: Parameter Capital share in production function 0.4 Saving/investment rate 0.2 Depreciation Rate 0.07 TFP growth rate 0.012 Labor growth rate 0.46 Simulation Date TFP Capital Labor GDP S=1 Depreciation Y Growth % Y/L (Y/L) Growth 2019 1905 2021 2022 2023 2024 2025 2026 2027 2028 0000

Solow Model Simulations Inputs: Data YO = $278.29 Billion KO = LO = A0 = $19.04 millior. $9.76 million 1.00097 Inputs: Parameter Capital share in production function 0.4 Saving/investment rate 0.2 Depreciation Rate 0.07 TFP growth rate 0.012 Labor growth rate 0.46 Simulation Date TFP Capital Labor GDP S=1 Depreciation Y Growth % Y/L (Y/L) Growth 2019 1905 2021 2022 2023 2024 2025 2026 2027 2028 0000

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 1CQQ
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Hi, I know this image is cut off but my tutor gave me this example and told me to solve for the missing data for the following years. Could you please tell me how to solve for the TFP, Capital, Labor, GDP, Savings = Investments, Depreciation, Y Growth %, Y/L, (Y/L) Growth. Tell me how to calculate that for each year and what is the formula. Thanks 

Solow Model Simulations Inputs: Data YO = $278.29 Billion KO = LO = A0 = $19.04 millior. $9.76 million 1.00097 Inputs: Parameter Capital share in production function 0.4 Saving/investment rate 0.2 Depreciation Rate 0.07 TFP growth rate 0.012 Labor growth rate 0.46 Simulation Date TFP Capital Labor GDP S=1 Depreciation Y Growth % Y/L (Y/L) Growth 2019 1905 2021 2022 2023 2024 2025 2026 2027 2028 0000
Transcribed Image Text:Solow Model Simulations Inputs: Data YO = $278.29 Billion KO = LO = A0 = $19.04 millior. $9.76 million 1.00097 Inputs: Parameter Capital share in production function 0.4 Saving/investment rate 0.2 Depreciation Rate 0.07 TFP growth rate 0.012 Labor growth rate 0.46 Simulation Date TFP Capital Labor GDP S=1 Depreciation Y Growth % Y/L (Y/L) Growth 2019 1905 2021 2022 2023 2024 2025 2026 2027 2028 0000
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