Y=10.K0.5 L0.5 K starts at 500, L at 50, Investment = 0.10Y, Depreciation = 0.05K What is the steady state level of consumption ? (The steady state formula for capital is Labour"(Savings rate...

Y=10.K0.5 L0.5 K starts at 500, L at 50, Investment = 0.10Y, Depreciation = 0.05K<br>What is the steady state level of consumption ?<br>(The steady state formula for capital is Labour

Extracted text: Y=10.K0.5 L0.5 K starts at 500, L at 50, Investment = 0.10Y, Depreciation = 0.05K What is the steady state level of consumption ? (The steady state formula for capital is Labour"(Savings rate Technology/depreciation rate)^(1/(1-a)) )

Jun 08, 2022

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Y=10.K0.5 L0.5 K starts at 500, L at 50, Investment = 0.10Y, Depreciation = 0.05K What is the steady state level of consumption ? (The steady state formula for capital is Labour"(Savings rate...

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