Suppose the Parameters of the Romer Model Take the Following $\bar { A } _ { 0 } = 10$

question 32

Multiple Choice

Suppose the parameters of the Romer model take the following values: $\bar { A } _ { 0 } = 10$ , $\bar { \ell } = 0.01 , \bar { z } = 1 / 500 \text {, and } \bar { L } = 10,000$
) What is the per capita income of this country in the first period, y₁?

• A) about 1.19
• B) about 11.9
• C) about 12.0
• D) about 14.3
• E) about 9.9

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