ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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An economy is currently at it's steady state. Their depreciation rate is 6% and their capital stock is
1,830. What will be their level of investment?
Do not round until your final answer, when you may round to two decimal places.
Country A produces GDP according to the following equation: GDP = 5√K and has a capital
stock of 10,351. If the country devotes 11% of its GDP to producing or repairing investment goods,
how much is this country currently investing?
Rounds your answer to two decimal places.
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Transcribed Image Text:or An economy is currently at it's steady state. Their depreciation rate is 6% and their capital stock is 1,830. What will be their level of investment? Do not round until your final answer, when you may round to two decimal places. Country A produces GDP according to the following equation: GDP = 5√K and has a capital stock of 10,351. If the country devotes 11% of its GDP to producing or repairing investment goods, how much is this country currently investing? Rounds your answer to two decimal places.
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