Suppose the production function of country 1 is a Cobb-Douglas production function Yt = KfLi'" (hence A =1). Assume country 1 is a closed economy.

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Suppose the production function of country 1 is a Cobb-Douglas production function Yt = KfLi‘“ (hence A =1).Assume country 1 is a closed economy. You also have the following data for country 1: Deprecnatlon ratePopulation growth rate 21) Refer to Numerical Exercise A info. What is the period t real interest rate (aka the rental rate of capital) ofcountry 1? (m recall/apply the formula for capital share in the Cobb-Douglas case.) a. 100% b. 30%c. 50%d. 75% —m