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Question: If the per worker production function is given by y=k^1/2, the population growth rate is n= .04, and the depreciation is .01.

a. The golden rule level of capital and output per worker is:

b. What is the saving rate necessary to obtain the golden rule level of output?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93133007

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