Question: The following equations characterize equilibrium in the basic Solow growth model: Y = AKLI-s C = [1 s)Y Y=C+I as = I as Answer the




The following equations characterize equilibrium in the basic Solow growth model: Y = AKLI-s C = [1 s)Y Y=C+I as = I as Answer the following. Use the following parameter values for this problem: A = 100 a: = 0.33 5 = 0.1 s = [1.12 and assume that the economy\":r initially\":r has K = 50, 000 units of capital and that the size of the labor force is L = 1'30. The growth rate of output per worker is: Compute the growth rate of output per worker
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