1. If a country has no TFP growth, an investment rate of 24%, a depreciation rate of 10%, 2% population growth, TFP = 1 and = 0.3, then its steady state capital per worker will be about 56. Is this correct? If its wrong please explain the correct answer.

Answer rating: 100% (QA)

To determine the steady state capital per worker we can use the SolowSwan growth model The steady st... View the full answer