In year 1, the level of capital per worker is 16. In a table such as the following one: Year 1 2 Show how capital and output change over time? Capital k 16 16.2 Output y=k¹2 Investment YY 1 Depreciation ok 0.8 Change in Capital Stock YY-8k 0.2
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- Solow economy where TFP = 1, capital starts off at K0=1, the savings rate is 50%, and the annual depreciation rate of capital is 10%. What is the steady-state capital stock?Q) consider the harrod-domar model in which depreciation and the population growth rate are 2% and 3% respectively. what fraction of income must be saved in order for income to double in 10 years if c=3 Solve it nowWhen we add depreciation to net investment, we arrive at...............
- The saving rate (gross domestic saving as a % of GDP) in Australia, a small open economy, was 15% in 2011 while the investment rate (domestic investment as a % of GDP) was 25%. As a result, there was net outflow of capital from Australia in 2011. Is this true, false or uncertain? Please provide your explaination.Please no written by hand Yt = 3Kt saving rate= 0.24 depreciation ratre=0.03 but savings rate, depreciation rate, and population remain the same.(d) What is the per-worker production function, yt = f(kt)? Define yt = YtLt.(e) Find the equation for the evolution of capital per worker in terms of ktand kt+1what is the steady state of equilibrium for capital labor (K) if the national savings rate is 0.14 and the depreciation rate is 0.04?
- Calculate the value of an economy's rate of depreciation, if its saving rate is 9%, total capital stock is 1500 units, its labour force includes 100 workers and total output is 500.Consider the following information given for calculation of different national income aggregates: Items Rs in crore Value of output 100000 Depreciation 6000 Indirect Taxes 6000 Subsidies 1000 Intermediate consumption 24000 Value added 76000 What will be the value of GNP at market prices as per the given information? Which of the following will be the value of NNP at market prices? Which of the following will be the value of GNP at factor cost? If disposable income is Rs 500 and saving Rs 100, what will be the average propensity to consume? If MPC= 1/2, what is the value of K (Investment multiplier)? What will be the value of NNP at factor cost as per the given information? What will be the value of GDP at market prices as per given information?Indicate the statement True or False 1) Physical capital, denoted by K, does not affect Gross Domestic Product in the long-run.
- What are the equilibrium effects of an increase in the depreciation rate? Explain using the two period model with consumption - saving as well as labor - leisure choice. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.“Total economic value can be determined by active-use value (such as raw timbervalue to use timber as firewood or furniture) and passive use value (such as tree as anoxygen producing system)”. What do you understand from the above statement??Explain in detail.Given cE = p(aE - bE2), Solve for E.