Entries by Hannah Wangui

In the Solow model:(a)How is the investment function related to the production function?

December 7, 2020 in /by

In the Solow model:(a)How is the investment function related to the production function? (b)What are the terms in the balanced investment function? (c)Where do the investment function and the balanced investment function appear in the capital accumulation equation?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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If an economy is in the steady-state as described by the Solow model and the growth rate of labor is 3.0% per year, how many years will it take for the capital stock to double in size?

December 7, 2020 in /by

If an economy is in the steady-state as described by the Solow model and the growth rate of labor is 3.0% per year, how many years will it take for the capital stock to double in size?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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population

December 7, 2020 in /by

The current population of the United States is 324.3 million with 2.6% of the population is engaged in R&D at an efficiency rate of 1/400 per million persons per year. (a)If R&D is the only source of total-factor productivity growth what is the growth rate of total factor productivity in the United States? (b)If the growth […]

 

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Use the Solow model, the Solow-model diagram, and the capital accumulation the equation to explain what happens to the following if the depreciation rate changes to δ0 +x and the labor-force growth rate changes to gL − x where x > 0:

December 7, 2020 in /by

Use the Solow model, the Solow-model diagram, and the capital accumulation the equation to explain what happens to the following if the depreciation rate changes to δ0 +x and the labor-force growth rate changes to gL − x where x > 0: (a)The capital-to-labor ratio (b)Output per worker .(c)Growth during the transition phase.(d)Long-term economic growth. […]

 

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