Suppose that the per hour worked form of the production function for an economy is given by
Question:
a. Find the steady-state capital-labor ratio for this economy.
b. Find the steady-state real GDP per hour worked for this economy.
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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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