Define the golden rule level of capital

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Reference no: EM131790500

Question: If the per worker production function is given by y=k^1/2, the population growth rate is n= .04, and the depreciation is .01.

a. The golden rule level of capital and output per worker is.

b. What is the saving rate necessary to obtain the golden rule level of output?

Reference no: EM131790500

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