Question: Two countries have the same effectiveness of labor production function: Y = F (K.LE) = K^0.5 (LE)^0.5 a. what is the per effective worker

Two countries have the same effectiveness of labor production function: Y =

Two countries have the same effectiveness of labor production function: Y = F (K.LE) = K^0.5 (LE)^0.5 a. what is the per effective worker production function for these countries? b. what is the steady state value of y as a function of s, n, g, and only? c. countries A and b are identical in every way except rate of savings. countries A has a savings rate of 17 percent and country B has a savings rate of 10 percent. for both countries the rate of technical progress is g = 0.04 the birth rate is n = 0.05 and depreciation = 0.04. find the steady state value of y for each country. Compare and Comment.

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