第九章经济增长理论.pptVIP

4 4 When everything on the slide is showing on the screen, explain to students how to interpret f(k): f(k) is the “per worker production function,” it shows how much output one worker could produce using k units of capital. You might want to point out that this is the same production function we worked with in chapter 3. We’re just expressing it differently. The real interest rate r does not appear explicitly in any of the Solow model’s equations. This is to simplify the presentation. You can tell your students that investment still depends on r, which adjusts behind the scenes to