Use the Cobb-Douglas production function of Question 1 where a 0.3 and a depreciation rate of 0.1. Examine the steady-st
Posted: Wed Jul 06, 2022 6:34 pm
Use the Cobb-Douglas production function of Question 1 where a0.3 and a depreciation rate of 0.1. Examine the steady-stateoutcomes of an economy that invests 20% and 30% of GDP. How manyperiods would it take for an economy with a 20% investment rate toreach its new steady state if it increases its investment rate to30%.