penaabel6741 penaabel6741

30-05-2024
Business

Answered

Consider the following Romer model of economic growth
Yₜ= AₜLᵧₜ
∆Aₜ= zAₜLₜ
Lₜ= Lᵧₜ=L
Lₜ= L
a. If A₀= 100, ()= 0.1, (z)= 1/3000, (L)=1000 what is the growth rate of knowledge in this
economy?

Answer :

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