Consumption per worker is 72,depreciation is 12.5%,and capital per worker is 64.Given the production function y = 20
,show that this economy is in a steady state.If the saving rate should double,what is the new steady-state level of consumption per worker?

Question

Consumption per worker is 72,depreciation is 12.5%,and capital per worker is 64.Given the production function y = 20  
,show that this economy is in a steady state.If the saving rate should double,what is the new steady-state level of consumption per worker?

Quizplus · Accepted Answer

The Answer of Consumption per worker is 72,depreciation is 12.5%,and capital per worker is 64.Given the production function y = 20  
,show that this economy is in a steady state.If the saving rate should double,what is the new steady-state level of consumption per worker?

Consumption Per Worker Is 72,depreciation Is 12