Show some of the steps used to obtain/derive these figures

Reference no: EM133714243

Question: Suppose the capital stock is currently equal to the long-run equilibrium level demanded as determined in part c above AND that the economy is presently in a steady state. We are also told that capital depreciates at a rate of 10% per year, the population and technology are both constant. Solve for the saving rate, the steady state level of income per worker and consumption per worker. Show some of the steps used to obtain/derive these figures.

Reference no: EM133714243

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