An economy has a per worker production function y=k^1/4, a marginal propensity to save of 24%, a

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An economy has a per worker production function y=k^1/4, a marginal propensity to save of 24%, a population growth rate of 4%, and capital depreciates at a rate of 2% each period. what is the steady state capital/worker ratio?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells , Iris Au , Jack Parkinson

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Posted Date: Feb 21, 2019 12:23 AM

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An economy has a per worker production function y=k^1/4, a marginal propensity to save of 24%, a

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Macroeconomics

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