Question: Which translation method does U.S. GAAP require for operations in highly inflationary countries? What is the rationale for mandating use of this method?

Which translation method does U.S. GAAP require for operations in highly inflationary countries? What is the rationale for mandating use of this method?

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=+ a. The capitaloutput ratio is constant.

=+ e. What must the saving rate be to reach the Golden Rule steady state?

=+ d. What will the capitaloutput ratio be at the Golden Rule steady state? (Hint: For the CobbDouglas production function, the capitaloutput ratio is related to the marginal product of capital.)