If the production function is AK and the savings rate is constant at rate s , and the rates of depreciation and population growth are 8 and n respectively, what would the growth rate of the economy be If the production function is AK and the savings rate is constant at rate s , and the rates of de...

The growth rate of the economy can be calculated using the following formula g AK1n s n Where ...

If the production function is AK and the savings rate is constant at rate s, and...

Fantastic news! We've Found the answer you've been seeking!

Question:

If the production function is AK and the savings rate is constant at rate

Related Book For answer-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

See More Books

Posted Date: Jan 12, 2024 07:44 AM

See More Questions

Company XYZ produces goods with usable output of 400 units by working 8-hour day. Goods are produced by four workers with a consumption of 600 pounds of material. Each worker gets wage of $30;...
a) Construct DFA for the following languages given, = {0, 1}. i) Where L(M2)={w|w contains at least two 0's} (ii) Which accepts the regular language of all strings that ends with the substring 1001.
A saver invests 100,000 in a savings account which pays a stated annual rate of interest of 4.5% compounded quarterly. Assuming no additional deposits or withdrawals, how much is in the account at...
What is a galvanometer called when it has been calibrated to read current? When it has been calibrated to read voltage?
Consider a uranium nuclear fuel element (k = 35 W/m K, = 19,070 kg/m3 and c p = 116 J/kg K) of radius 10 cm that experiences a volumetric heat generation at a rate of 4 10 5 W/m 3 because of the...
A gas flows along the $x$ axis with a speed of $V=5 x \mathrm{~m} / \mathrm{s}$ and a pressure of $p=10 x^{2} \mathrm{~N} / \mathrm{m}^{2}$, where $x$ is in meters. (a) Determine the time...
Selected transactions for M. Anderson, an interior decorator, in her first month of business, are as follows.Jan. 2 Invested $10,000 cash in business.3 Purchased used car for $4,000 cash for use in...
a. Since year 2000 STI share price had been trading below $5/share with 10-year options. Based on the Option Pricing Model and with an estimated growth of 5%, the future estimated stock price would...
Explain all elements that are necessary for a successful contract formation, one that is enforceable by law. They exchange their vows. For all the days of my life." "Today I affirm my love for you...
QS) Simon and Sandra Soh are no different from many young families who are concerned with their finances. In their fact-finding form, they have emphasised the two most important financial goals to...
When Simone and Henri, residents of Quebec, withdrew their RRSP funds, they were subject to a withholding tax. Assume their RRSP was worth $165,000 at the time of withdrawal. How much money would...
As a manager, what are some ways you help increase job satisfaction in your employees? What are the organizational consequences when there are high or low levels of job satisfaction?
An entity acquired an item of plant in exchange for an item of equipment. The equipment has a carrying amount of $30000 and a fair value of $40000. What is the the journal entry to record the...
In Fig. 2.22, calculate the angles marked with letters. a a b 50 C d 70 x 28 d m 78
A company investor wants to invest $2.5 million in the Company Export Import that you have which has been in operation for the past seven months. You do not expect to make a profit until the 5th...
Why is disclosure of depreciation or amortization methods and rates so important?
Explain how your answer to question 19 helps us understand why wages tend to rise faster as real output increases.
Suppose that the current account deficit equals $600 billion. Explain if the change in net foreign investment position will be larger or smaller than $600 billion in each of the following cases. (a)...
Restrictive monetary policy will lower the rate of labor productivity growth. Restrictive fiscal policy, on the other hand, will raise it. Is this statement true, false, or uncertain? Explain.
A closed vessel having a volume of $2.84 \mathrm{~m}^{3}$ contains $1.365 \mathrm{~kg}$ of mixture of water and steam at a pressure of 7 bar. Find how much heat must be added to the vessel to...
In steam tables, the entropy is shown as zero for (a) saturated vapour at atmospheric pressure (b) saturated liquid at atmospheric pressure (c) saturated vapour at $0^{\circ} \mathrm{C}$ (d)...
Water equivalent of calorimeter is given by (a) $\frac{m_{c a l} \times c_{p c}}{c_{p w}}$ (b) $\frac{m_{c a l}}{c_{p w}}$ (c) $\frac{m_{c a l}}{c_{p c}}$ (d) \(\frac{m_{c a l} \times c_{p...

If the production function is AK and the savings rate is constant at rate s, and...

Question:

Expert Answer:

The growth rate of the economy can be calculated using the following formula g AK1n s n Where ... View the full answer

Macroeconomics

Students also viewed these economics questions