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The population growth rate is zero. the GDP is F(K, L)=AK/²L'1/2 constant is .s=0.2, A=15, L=1, d=0.1 What is the level of steady- 1) state GDP Y*? a) 15 b) 30 c) 450 d) 600 e) 900 Assuming a becomes 20, what is the capital stock k ** in the 2) new stable state? a) 800 b) 1200 c) 1400 d) 1600 e) 2000

The population growth rate is zero. the GDP is F(K, L)=AK/²L'1/2 constant is .s=0.2, A=15, L=1, d=0.1 What is the level of steady- 1) state GDP Y*? a) 15 b) 30 c) 450 d) 600 e) 900 Assuming a becomes 20, what is the capital stock k ** in the 2) new stable state? a) 800 b) 1200 c) 1400 d) 1600 e) 2000

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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Please anwser the Question2 Assuming A becomes 20, what is the capital stock k * in the new stable state?
The population growth rate is zero. the GDP is F(K, L)=AK1²L/2 constant is .s=0.2, A=15, L=1, d=0.1 What is the level of steady- 1) state GDP Y*? а) 15 b) 30 c) 450 d) 600 e) 900 Assuming a becomes 20, what is the capital stock k ** in the 2) new stable state? a) 800 b) 1200 c) 1400 d) 1600 e) 2000
Transcribed Image Text:The population growth rate is zero. the GDP is F(K, L)=AK1²L/2 constant is .s=0.2, A=15, L=1, d=0.1 What is the level of steady- 1) state GDP Y*? а) 15 b) 30 c) 450 d) 600 e) 900 Assuming a becomes 20, what is the capital stock k ** in the 2) new stable state? a) 800 b) 1200 c) 1400 d) 1600 e) 2000
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