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QUESTION
Microsoft Word - Assignment 2 (Fall 2016).doc Microsoft Word - Assignment 2 (Fall 2016).
Microsoft Word - Assignment 2 (Fall 2016).docMicrosoft Word - Assignment 2 (Fall 2016).doc
- Suppose that Yt= AKtalpha Lt1-alpha In addition, assume that the population is constant, Lt= L for all t, and that the savings rate, s, is constant. Let kt= Kt / Lt.
- Derive a difference equation expressing kt+1 as a function of kt . Draw a graph of this equation.
