# Question

Consider the Solow growth model and the following production function: Y= K^0.3(AL)^0.7

A) If A= 2, L= 20,000 and K=400 what is Output?

B) Suppose the Labor force grows by 5% so that it is now 21,000. By how much does output increase?

C) Starting again with the conditions in part a, what is capital increases by 5%so that it is now 420. By how much does output increase?

A) If A= 2, L= 20,000 and K=400 what is Output?

B) Suppose the Labor force grows by 5% so that it is now 21,000. By how much does output increase?

C) Starting again with the conditions in part a, what is capital increases by 5%so that it is now 420. By how much does output increase?

## Answer to relevant Questions

In the neoclassical growth model we express the investment function as i= sf(k), where i is investment per worker, s is the saving ratio, k is capital per worker, and y is output per worker. A) Plot the saving function, i= ...Consider a project starting in year t = 0 and lasting until year t = 3. The inflation is known to remain 10% per year during the entire project horizon. In current (nominal) prices, the net benefits for each of the four ...A building 190 feet tall casts a 30-foot long shadow. If a person stands at the end of the shadow and looks up to the top of the building, what is the angle of the person's eyes to the top of the building (to the nearest ...Find the simple linear regression model, and interpret the meaning of the slope in the setting of this problem.Complete the ANOVA Table Test the significant of the slope . (State the hypotheses, and include necessary ...A 750-1,000 original word response with APA format, In-text citations, references (A minimum of two scholarly sources and two internet sources) to the following (Turnitin used by school): Describe the sociological forces ...Post your question

0