Numerical 1. Consider the Solow model with population growth rate of n and deprecation rate of 8. The production function in intensive form is given by y = f(k)= k. Find the expression for the steady-state value of per capita capital stock (k*). [Hint: s.f(k*) = (n+8).k*].

Numerical 1. Consider the Solow model with population growth rate of n and deprecation rate of 8. The production function in intensive form is given by y = f(k)= k. Find the expression for the steady-state value of per capita capital stock (k). [Hint: s.f(k) = (n+8).k*].

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Exam 1
Numerical
1. Consider the Solow model with population growth rate of n and deprecation rate of 8. The
production function in intensive form is given by y = f(k)= k³. Find the expression for the
steady-state value of per capita capital stock (k*). [Hint: s.f(k*) = (n+8).k*].

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