Question Details

[solution] » PLEASE HELP ME ANSWER THIS WITH WORKINGS Q2. Assume that a

Brief item decscription

Step-by-step solution file


Item details:

PLEASE HELP ME ANSWER THIS WITH WORKINGS Q2. Assume that a
More:

PLEASE HELP ME ANSWER THIS WITH WORKINGS 



Q2. Assume that a country's per-worker production is y = k1/2, where y is output per worker and k is capital per worker. Assume also that 10 percent of capital depreciates per year (= 0.10).
a. If the saving rate (s) is 0.4, what are capital per worker, production per worker, and

consumption per worker in the steady state? (Hint: Use sy = ?k and y = k1/2 to get an equation

in s, ?, k, and k1/2, and then solve for k.)



b. Solve for steady-state capital per worker, production per worker, and consumption per worker

with s = 0.6.


c. Solve for steady-state capital per worker, production per worker, and consumption per worker

with s = 0.8.



d. Is it possible to save too much? Why?


 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Feb 21, 2020

PRICE: $24

Solution~000535182.zip (18.37 KB)

Buy this answer for only: $24

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now