Macroeconomics

Hi Tutorhow To Solve These Question?Find The Golden Rule Capital Stock And Add It To

Question

hi tutor

how to solve these question?

Find the Golden Rule capital stock and add it to

your graph in solow model. (Note: you need to maximise consumption per worker.)

Calculate: (Please show the entire calculation process)

• capital per person, y∗ g

• output per person, k∗g

• consumption per person, c∗ g

• investment per person, i∗g

thank you 🙂

(+ + It = Yt = F ( kt, it )
It = KEH – (1-8 ) kt.
( i-e. KTH = SPIKE, L ) + (1-8 ) KE )
KTH
It = $ Elkt, It )
steady – state :
k*
kt – KEH.
je. K* = KTH = kt.
RX .
7 xx
At steady- strate 8 /* = SF…Macroeconomics

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