(Answered) Use the following table to find thenbspsteady-state values

Management Studies

Use the following table to find the? steady-state values of the? capital-labor ratio and output if the? per-worker production function is y_t = 2k_t^0.3.

Saving rate (s) = 0.37

Depreciation rate = 0.04

population growth rate (n) = 0.02

Technology (A) = 2

k* = Steady-state capital-labor ratio = ?

y* = Steady-state output = ?

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