Question an economy has a saving rate of s 08 a, Ask an Expert

Economics

Question: An economy has a saving rate of s= .08, a depreciation rate of .02, a population growth rate of n= .03, and a growth rate of effective labor of g= .05.

a. the capital-output ratio, k/y, for this economy is:

b. what is the growth rate for the capital-output ratio K/L?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93129607

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