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4. If the production function is given by Y=K2L13 and the saving rate saving rate (s)...
3. If the production function is given by y=k:13 where yt where yt is the output...
3. If the production function is given by y=k:13 where yt where yt is the output per worker and kt is the capital per worker. Suppose that the saving rate (s) equals the depreciation rate (8) plus 0.4. Find the steady state capital, output, investment, and consumption? Hint: all steady state values are functions of either (s) or (8)
3. Suppose that the production function is given by Y=0.5VKVN (a) Transform the production function into...
3. Suppose that the production function is given by Y=0.5VKVN (a) Transform the production function into a relationship between output per worker and capital per worker (b) Derive the steady-state levels of capital per worker and output per worker in terms of the saving rate (s) and the depreciation rate (8) (c) Derive the equation for steady-state consumption per worker in terms of s and 8
Suppose the production function is given by ? = ?^a?'^1-a, where Y is output; K is...
Suppose the production function is given by ? = ?^a?'^1-a, where Y is output; K is capital stock and N is Labor (look Appendix in Chapter 16). a. Is this production function characterized by constant return to scale? How? Show the work. b. Write this production function as a relationship between output per worker and capital per worker. c. If saving (S) equals investment (I), and S = sY, where s is saving rate, what is the corresponding investment per...
Suppose the production function is given by yt=kt1/2 where y is the output per worker and k...
Suppose the production function is given by yt=kt1/2 where y is the output per worker and k is the capital per worker. Assume that the saving rate (S) is exogenous and the capital depreciates at δ rate. If the sum of both the depreciation rate and saving rate equals 1. Furthermore, assume that S=3δ. The steady state output is
supposed the production function is given by yt=kt1/2 where y is the output per worker and...
supposed the production function is given by yt=kt1/2 where y is the output per worker and k is the capital per worker. assume that the saving rate (s) is exogenous and the capital depreciates at S rate. If the sum of both is depreciation rate and the saving rate equals 1. Furthermore, assume that s=3S The steady state output a)9 b)2.25 c)3 d)0.75
a）Assume that country A has the following production function Y=K^0.3 L^0.7 Its saving rate is 20%...
a）Assume that country A has the following production function Y=K^0.3 L^0.7 Its saving rate is 20% per year. The depreciation rate is assumed to be 5% per year. What is the steady state level of capital stock per capital, K*？What is the steady state level of output per capital, Y*? What is the steady state level of c*? Show the results in a suitable diagram. b) At year 1,K=6. Is this a steady state? Find out the values of GDP...
4. (a) Consider an economy with production function Y-F(K.L)-VK -depreciation of capital=16% -saving rate-24% L population...
4. (a) Consider an economy with production function Y-F(K.L)-VK -depreciation of capital=16% -saving rate-24% L population growth-2% (i) if K-196 and L-100 in the cuIrent period. find ^ + and periods. 11) Find the steady state levels of-.-.and-. in the current and the next (b) Find the answers in (a) if the saving rate is changed to 30%. (c) Find the answers in (a) if the production function is changed to Y-F(K.L)-1.08-VKL
4. (a) Consider an economy with - production function Y-F(KL)-VK.L -depreciation of capital-16% -saving rate-24% population...
4. (a) Consider an economy with - production function Y-F(KL)-VK.L -depreciation of capital-16% -saving rate-24% population growth=2% G) if K-196 and L-100 in the eurent period, find T T andT in the eurent and the next periods. (ii) Find the steady state levels of ^. ^. and (b) Find the answers in (a) ifthe saving rate is changed to 30%. (c) Find the answers in (a) if the production function is changed to Y=F(KL)-1.08.,K·L.
4. A country is described by the Solow Model, with production function y - Aki where y is Output ...
4. A country is described by the Solow Model, with production function y - Aki where y is Output per Worker (Y/L) and k is Capital per Worker (K/L). Suppose k- 400. The fraction of output invested is 50% (s-05) and the depreciation rate is 5% (6-0.05). A, the overall productivity parameter equals 1. Is the country at its steady state level of output per worker, above the steady state or below the steady state? Show how you reached your...
2. that the production function is given by: Suppose where Yis output, K is capital and...
2. that the production function is given by: Suppose where Yis output, K is capital and N is the number of workers. The steady-state level of capital per worker, in terms of the saving rate, s., and the depreciation rate, ,s KIN(Enter your response as an expression.) YIN=□ (Enter your response as an expression.) CIN=□ (Enter your response as an expression ) The steady-state level of output per worker, in terms of the saving rate, s, and the depreciation rate,...
3. If the production function is given by y=k:13 where yt where yt is the output per worker and kt is the capital per worker. Suppose that the saving rate (s) equals the depreciation rate (8) plus 0.4. Find the steady state capital, output, investment, and consumption? Hint: all steady state values are functions of either (s) or (8)
3. Suppose that the production function is given by Y=0.5VKVN (a) Transform the production function into a relationship between output per worker and capital per worker (b) Derive the steady-state levels of capital per worker and output per worker in terms of the saving rate (s) and the depreciation rate (8) (c) Derive the equation for steady-state consumption per worker in terms of s and 8
4. (a) Consider an economy with production function Y-F(K.L)-VK -depreciation of capital=16% -saving rate-24% L population growth-2% (i) if K-196 and L-100 in the cuIrent period. find ^ + and periods. 11) Find the steady state levels of-.-.and-. in the current and the next (b) Find the answers in (a) if the saving rate is changed to 30%. (c) Find the answers in (a) if the production function is changed to Y-F(K.L)-1.08-VKL
4. (a) Consider an economy with - production function Y-F(KL)-VK.L -depreciation of capital-16% -saving rate-24% population growth=2% G) if K-196 and L-100 in the eurent period, find T T andT in the eurent and the next periods. (ii) Find the steady state levels of ^. ^. and (b) Find the answers in (a) ifthe saving rate is changed to 30%. (c) Find the answers in (a) if the production function is changed to Y=F(KL)-1.08.,K·L.
4. A country is described by the Solow Model, with production function y - Aki where y is Output per Worker (Y/L) and k is Capital per Worker (K/L). Suppose k- 400. The fraction of output invested is 50% (s-05) and the depreciation rate is 5% (6-0.05). A, the overall productivity parameter equals 1. Is the country at its steady state level of output per worker, above the steady state or below the steady state? Show how you reached your...
2. that the production function is given by: Suppose where Yis output, K is capital and N is the number of workers. The steady-state level of capital per worker, in terms of the saving rate, s., and the depreciation rate, ,s KIN(Enter your response as an expression.) YIN=□ (Enter your response as an expression.) CIN=□ (Enter your response as an expression ) The steady-state level of output per worker, in terms of the saving rate, s, and the depreciation rate,...
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