4.If population growth rate is 0.03, and the depreciation rate is 0.2, then in order to maintain the steady state capital-labor ratio equal to the amount found in Qs. 2, what would be the investment per worker?
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- Please written by computer sourceIf the share of GDP used for capital goods is 0.3, the growth rate of productivity is 0.01, the growth rate of population is 0.04, the depreciation rate is 0.05, the initial capital/output ratio is 0.53, and the elasticity of GDP with respect to capital is 0.1, then what is the growth rate of the GDP per capita? Use three decimal places. Please show worked solution, thank you very muchA country has the per-worker production function: 2/3 where y, is output per worker and k, is the capital-labor ratio. The depreciation rate is 0.1 and the population growth rate is 0.1. The saving function is St = 0.1Y; where S, is total national saving and Y, is total output. a) What is the steady-state value of capital-labor ratio? b) What is the steady-state value of output per worker? What is the steady-state value of consumption per worker? c)
- Use the following table to find the steady-state values of the capital-labor ratio and output if the per-worker production 03 function is y=2k S Saving rate 8 Depreciation rate n Population growth rate A Technology 0.35 0.02 0.06 2 k* = Steady-state capital-labor ratio = y*= Steady-state output = (Round your responses to two decimal places.) CHILD Output, Investment, and Depreciation Capital-Labor Ratio Output Depreciation Investment After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line QIf the share of GDP used for capital goods is 0.08, the growth rate of productivity is 0.09, the growth rate of population is 0.02, the depreciation rate is 0.02, the initial capital/output ratio is 3.75, and the elasticity of GDP with respect to capital is 0.1, then what is the growth rate of the GDP per capita? Use three decimal places.1. A country has the per-worker production function: Yt = 6k/3 where y, is output per worker and k, is the capital-labor ratio. The depreciation rate is 0.1 and the population growth rate is 0.1. The saving function is S; = 0.1Y, where S, is total national saving and Y, is total output. a) What is the steady-state value of capital-labor ratio? b) What is the steady-state value of output per worker? c) What is the steady-state value of consumption per worker? Answer: 2. What happens in the steady state to the capital-labor ratio, output per worker, and consumption per worker when each of the following events occur? You should assume that the steady-state capital-labor ratio is below the Golden Rule level. k y a) Productivity falls b) Population growth falls c) The saving rate falls d) The depreciation rate falls
- just e and f pleaseSuppose that the per-worker production function for an economy is given by y = 10k°3. The depreciation rate is 14%, the savings rate is 23%, and the growth rate of labour hours is 8%. a. The steady-state capital stock per worker for this economy is (Round to two decimal places as needed.)9. Suppose there is no population or technological growth. Define k as the capital-to-labor ratio. If the per worker production function is given by y = ¹/2, the saving ratio is 0.3, and the depreciation rate is 0.1, then the steady state capital per worker ratio is (a) 1 (b) 2 (c) 4 (d) 6 9