If the share of GDP used for capital goods is 0.02, the growth rate of productivity...

^{If the share of GDP used for capital goods is 0.02, the
growth rate of productivity is 0, the growth rate of population is
0.03, the depreciation rate is 0.07, the initial capital/output
ratio is 3.67, and the elasticity of GDP with respect to capital is
0.1, then what is the growth rate of the capital/output ratio? Use
2 decimal places.}

Expert Solution

Rahul Sunny answered 2 years ago

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