What is the equilibrium value? What is the rate of growth of output? What is the rate of growth of output per worker?
2. Growth theory a. Go to canvas and retrieve the file “Growth theory work sheet.xlsx”, and make a copy of it (so you can go back to the original version if something gets messed up). b. Open the work sheet and find the column that contains the production function. Ignoring, for the moment the values […]