(完整版)【上海交通大学-安泰】中级宏观经济学作业答案.pdfVIP

1. In the United States, the capital share of GDP is about 50%, the average growth in total output is 3% per year, the depreciate rate is 5% per year, the capital-output ratio is 4. Suppose that the production function is Cobb-Douglas, so that the capital share of output is constant, and the United States has been in a steady state. (10points) a) What must the saving rate be in the initial steady state? △Y/Y = 0.03 = n = 0.03 sf(k) = (n + δ)k s = (n + δ)k/f(k) = (0.03 + 0.05)* 4 = 0.32 b) What is the