Presume the economy begins in steady state

Reference no: EM13686781

Presume the economy begins in steady state. By what proportion does per capita GDP change in the long run in response to each of the following changes?

1. The investment rate doubles.

2. The depreciation rate falls by 10 percent.

3. The productivity level increases by 10 percent.

4. An earthquake destroys 50% of the capital stock.

5. A more generous immigration policy leads the population to doubt

Reference no: EM13686781

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