In the Solow model,the equation of capital accumulation is
.

Name: In the Solow model,the equation of capital accumulation is .
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

In the Solow model,the equation of capital accumulation is  
.

Quizplus · Accepted Answer

The Solow model includes the equation for capital accumulation, which is given by the equation: K(t+1) = sY(t) + (1-d)K(t), where K(t+1) represents capital in the next period, s is the savings rate, Y(t) is output in the current period, d is the depreciation rate, and K(t) is capital in the current period.

In the Solow Model,the Equation of Capital Accumulation Is