subject
Business, 06.03.2020 19:15 foriegnngal

Consider a closed economy in which the population grows at the rate of 2% per year. The per-worker production function is given as: Bold y equals 4 StartRoot Bold k EndRoot, where y is output per worker and k is capital per worker. The depreciation rate of capital is 18.00% per year. Suppose that households consume 75% of income and save the remaining 25%. There is no government. (Enter all responses as integers or decimals rounded to one place as appropriate.) Households consume 90% of income and save the remaining 10% of income. There is no government. What are the steady-state values of capital per worker, output per worker, consumption per worker, and investment per worker? Suppose that the country wants to increase its steady-state value of output per worker. What steady-state value of the capital–labor ratio is needed to double the steady-state value of output per capita? What fraction of income would households have to save to achieve a steady-state level of output per worker that is twice as high as in Part (

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:40
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
question
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
question
Business, 22.06.2019 13:40
Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:
Answers: 3
question
Business, 22.06.2019 19:30
Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.
Answers: 2
You know the right answer?
Consider a closed economy in which the population grows at the rate of 2% per year. The per-worker p...
Questions
question
English, 11.05.2021 14:00
question
Mathematics, 11.05.2021 14:00
question
Chemistry, 11.05.2021 14:00
question
Chemistry, 11.05.2021 14:00
Questions on the website: 13722360