Question: Please help me. Consider the following production function: Y = AK + BKLl' Assume that the law of motion for capital is Kt+1 = EYE

Please help me.

$BKLl'\" Assume that the law of motion for capital is Kt+1 =$

Consider the following production function: Y = AK + BKLl'\" Assume that the law of motion for capital is Kt+1 = EYE + K: - 5K: (g) Assuming factors are paid their marginal product, compute the income share of labor, SL(K). (b) How does sL(K) behave as K > oo? (i) Does the long-term behavior of the model square with what the data say about the distribution of national income between labor and capital

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