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Suppose the Parameters of the Romer Model Take the Following Aˉ0=10\bar { A } _ { 0 } = 10

Question 47

Multiple Choice

Suppose the parameters of the Romer model take the following values: Aˉ0=10\bar { A } _ { 0 } = 10 , ˉ=0.01,zˉ=1/500, and Lˉ=10,000\bar { \ell } = 0.01 , \bar { z } = 1 / 500 \text {, and } \bar { L } = 10,000
) What is the per capita income of this country in the tenth period, y10?


A) about 6.13
B) about 61.3
C) about 12.0
D) about 11.9
E) about 10.9

Correct Answer:

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