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

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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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