MACROECONOMICS W/CONNECT
18th Edition
ISBN: 9781307253092
Author: McConnell
Publisher: Mcgraw-Hill/Create
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Chapter 22, Problem 2RQ
To determine
True or false.
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Question 2
Suppose that the production function is Y = 10K5L5, the population growth rate is 15 percent
and the depreciation rate is 5 percent. What is the steady state level of k if the economy saves 30
percent?
O 400
O 225
100
O 1000
Question 3
Suppose that the production function is Y 10K SL5, the population growth rate is 15 percent
and the depreciation rate is 5 percent. What is the steady state level of y if the economy saves 30
percent?
250
350
150
O 450
If real GDP per capita in the United States is $5,000, what will real GDP per capita in the United States be after
3 years if real GDP per capita grows at an annual rate of 2%?
O $4,520
O 55,000
$5,306
O $5,560
those three questions please (first one is on top question 11)
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