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If the Production Function Is Given By Y=AˉKt1/3Lˉ2/3Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }

question 115

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If the production function is given by Y=AˉKt1/3Lˉ2/3Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 } , the saving rate, s, is 20 percent, the depreciation rate, dˉ\bar d
, is 10 percent, and Aˉ=Lˉ=1\bar { A } = \bar { L } = 1
, the steady-state level of output is:


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