What is the steady-state value of consumption

Reference no: EM13182154

A country has the per-worker production function, y=5k^1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=0.2Y where s is total national saving and Y is the total output.

a. what is the steady-state value of capital-labor ratio?

b what is the steady-state value of output per worker?

c. what is the steady-state value of consumption per worker?

Reference no: EM13182154

Questions Cloud

How much the blue book value for the cars : You are in the market for a used car. At a used car lot, you know that the blue book value for the cars you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you, how much are you willing to ..

Examples from the odyssey of odysseus : Can you help me find some examples from the Odyssey of Odysseus' cunning overcoming his ability to tell stories?

New monarchies : What qualities characterized the "New Monarchies" and what are some of the best examples of such princely states?

Length of a new rectangle playing field : The length of a new rectangle playing field is 3 yards longer than triple the width. if the perimerter of the rectangular playing field is 406 yards

What is the steady-state value of consumption : A country has the per-worker production function, y=5k^1/2, where y is the output per worker and k is the capital- labor ratio. The depreciation rate is 0.15 and the population growth rate is 0.05. The saving function s=0.2Y wh..

State the submarine forming a bubble with a pressure : If the pressure of the ocean breaks the submarine forming a bubble with a pressure of 250 atm pushing on it, how big will that bubble be?

What is the importance of trade agreements : What is the importance of trade agreements, and how is international trade related to the standard of living of the United States (as opposed to that of a small industrial nation or to a developing nation)? What significance do trade agreements h..

Customer service quality and quality of recruiting method : Tanglewoods top management is highly committed to improving customer service quality, and proposes that simply finding the cheapest way to hire is not sufficient. Besides costs and retention, what other measures of employee performance would be good ..

Define what is the theoretical yield in grams : What is the theoretical yield in grams? What is the theoretical yield in moles? (I already have the calculated amounts of reactants) Just need theoretical yields.

User Account

All Pages