Suppose the per-capita production function is given by y=\k, where kis capital per person and y is output per person....

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$Suppose the per-capita production function is given by y=\k, where kis capital per person and y is output per person. Suppose$

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Answer 1

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y=dk Cgiven) Steady state occurs when Be=0. where Dre=sya bk. S=Saring rate= 50% (gine) = o.so S = Deporciation = 25% (give)

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Suppose the per-capita production function is given by y=\k, where kis capital per person and y is output per person....

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Suppose the per-capita production function is given by y=\k, where kis capital per person and y is output per person....