Country A produces GDP according to the following equation: GDP 5√K. The country has a depreciation rate of 6.4%. What does this country's savings rate need to be in order to sustain a steady-state GDP of $121? = Put your answer into percentage form (e.g. 30.57% not 0.3057) and then round to two decimal places. You do not need to include the % sign.

Country A produces GDP according to the following equation: GDP 5√K. The country has a depreciation rate of 6.4%. What does this country's savings rate need to be in order to sustain a steady-state GDP of $121? = Put your answer into percentage form (e.g. 30.57% not 0.3057) and then round to two decimal places. You do not need to include the % sign.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section13.1: National Income Accounting

Problem 5R

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