Question

Suppose that the economy's production function is: y = k 0.5 Ã ( a n ) 0.5 where y is the total output of the economy, k is the total capital stock in the economy, n is the stock of labor, and a is an efficiency parameter. The savings rate, s, is equal to 16%, the depreciation rate, d, is equal to 10%. Suppose further that the number of workers grows at 2% per year and that the rate of technical progress is 4% per year. Find the steady-state values of the variables listed below:



a.Capital stock per effective worker



b.Output per effective worker



c.Output per worker

Answer 1

$<b><font size = "4">$(^_-)(^_-)(^_-)(^_-)(^_-)(^_-)(^_-)(^_-)(^_-)
╭╼╾╼╾╼╾╼╾╼╾╼╾╼╾╮
┃ ┈┈ [_Hɪ Mᴀᴛᴇ_] ┈┈┈ ┃
╰╼╾╼╾╼╾╼╾╼╾╼╾╼╾╯

╔═══❁═❀═✪═❀═❁════╗
......Here You Go Ur Answer......
╚═══❁═❀═✪═❀═❁════╝

ıllıllıllıllıllıllı[ Your Answer ]ıllıllıllıllıllıllı

◆━━━━━◆♤◆━━━━━◆
☆Correct | ♤ | Option☆
◆━━━━━◆♤◆━━━━━◆

$\huge\boxed{\texttt{\fcolorbox{aqua}{grey}{B}}}$ ${\bf{\underline{Answer}}}$

$<marquee>$

▂▃▅▇█▓▒░[ Hope It Helps You Dear ]░▒▓█▇▅▃▂

Answer 2

Heya user!

Output per effective worker.