N4

Population Growth and Technological Progress - Work It Out In the nation of Winknam, the capital share of GDP is 30 percent, the average growth in output is 4.0 percent per year, the depreciation rate is 6.0 percent per year, and the capital-output ratio is 6.0. Suppose that the production function is Cobb- Douglas and that Winknam has been in a steady state. Round answers to two places after the decimal when necessary. b. In the initial steady state, what is the marginal product of capital (MPA)? O Macmillan Learning MPK =