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Exercise- a growth model with no growth - Suppose the labor force is c.pdf

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Exercise: a growth model with no growth - Suppose the labor force is constant (i.e., n = 0 ) at L = 10 , 000 - Suppose the capital stock is constant and that - The saving rate is s = 0.2 - The depreciation rate is d = 0.1 - The production function is Y = L 0.5 K 0.5 = 100 K 0.5 - Find output, saving, investment, and capital.

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Exercise: a growth model with no growth - Suppose the labor force is constant (i.e., n = 0 ) at L = 10 , 000 - Suppose the capital stock is constant and that - The saving rate is s = 0.2 - The depreciation rate is d = 0.1 - The production function is Y = L 0.5 K 0.5 = 100 K 0.5 - Find output, saving, investment, and capital

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