Question 1. capital is 0.3. If capital grows by 1%, labour grows by 2% and growth of total factor productivity is 1.3%, by how much does total output grow? k] Assume a Cobb-Douglas production function, where the share of A. 4.30%. B. 3.00 %. C. 2.60 %. D. 1.16 %. E. There is not enough information to calculate it. Question 2. [ in per capita terms can be written as y = k. If the savings rate is s = 0.25, the rate of growth of population is n = 0.05 and the rate of depreciation is d = 0.10, how high is the rate of growth of output per capita? Assume an endogenous growth model with a production function that A. 20% B. 15% C. 10% D. 0% E. There is not enough information to calculate it.

Question 1. capital is 0.3. If capital grows by 1%, labour grows by 2% and growth of total factor productivity is 1.3%, by how much does total output grow? k] Assume a Cobb-Douglas production function, where the share of A. 4.30%. B. 3.00 %. C. 2.60 %. D. 1.16 %. E. There is not enough information to calculate it. Question 2. [ in per capita terms can be written as y = k. If the savings rate is s = 0.25, the rate of growth of population is n = 0.05 and the rate of depreciation is d = 0.10, how high is the rate of growth of output per capita? Assume an endogenous growth model with a production function that A. 20% B. 15% C. 10% D. 0% E. There is not enough information to calculate it.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 5E

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