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upstairsatomLv1
5 Mar 2021
Let the wage of labor is 0.4, and the rental rate of capital is 0.6. The capital to labor ratio after two years (in 2002) is 50 while the amount of workers is 1000. The growth rate of capital is 6,970%. The growth rate of labor is 100%.
- How much labor is there in Cobra Island one year after the initial year (or in 2001)?
2. The growth rate of income is 1,089%. Find the Solow Residual. Do not give the answer as a percentage.
Let the wage of labor is 0.4, and the rental rate of capital is 0.6. The capital to labor ratio after two years (in 2002) is 50 while the amount of workers is 1000. The growth rate of capital is 6,970%. The growth rate of labor is 100%.
- How much labor is there in Cobra Island one year after the initial year (or in 2001)?
2. The growth rate of income is 1,089%. Find the Solow Residual. Do not give the answer as a percentage.
2
answers
1
watching
182
views
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