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completetheseproblemsandshowallwork

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Pleasecompletetheseproblemsandshowallwork;1. Assumethattheoutputperworkerproductionfunctionis;Yt=2kt0.5;Thesavinganddepreciationratesareestimatedat0.2and.07,respectively.;(a)Calculatethesteadystatecapitallaborratioforthiseconomy___________(roundto4;decimalsplaces);(b)Calculatethesteadystateoutput_______________(roundto4decimalsplaces);1. Supposethataneconomyhasthefollowingproductionfunction;Y=AK1/3L2/3;Thetechnologicalgrowthwas3%(solowresidual).Thegrowthratesofthecapitalandlabor;inputstockwere2%inbothcases.;Theeconomiesgrowthrateis____________(nodecimals,wholenumber);Thecontributionofproductivitygrowthtototaloutputgrowthwas________%(percentage).;2. Inasteadystateeconomywithnopopulationgrowth,outputperworkeris35,thesavingrateis;20percent,andthedepreciationrateis11percent.;Thelevelofcapitalperworkeris(tothenearestwholenumber);A. 39;B.;19;C.;28;D;64

 

Paper#18363 | Written in 18-Jul-2015

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