Question: We will assume a Cobb-Douglas production function Y = AK^L^(1), =0.6, saving rate=0.5, depreciation rate=0.05, population growth rate=0.04, technology growth rate=0.04, Calculate steady state capital

We will assume a Cobb-Douglas production function Y = A*K^*L^(1), =0.6, saving rate=0.5, depreciation rate=0.05, population growth rate=0.04, technology growth rate=0.04, Calculate steady state capital per effective worker, output per effective worker, and consumption per effective worker by hand.

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Question: We will assume a Cobb-Douglas production function Y = A*K^*L^(1), =0.6, saving rate=0.5, depreciation rate=0.05, population growth rate=0.04, technology growth rate=0.04, Calculate steady state capital

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Question: We will assume a Cobb-Douglas production function Y = AK^L^(1), =0.6, saving rate=0.5, depreciation rate=0.05, population growth rate=0.04, technology growth rate=0.04, Calculate steady state capital