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(Solved): Three countries, A,B and C, have the same production function: Y=F(K,L)=AK1/3L2/3 Assume all co ...



Three countries, \( A, B \) and \( C \), have the same production function:
\[
Y=F(K, L)=A K^{1 / 3} L^{2 / 3}
\]
Assume all

Three countries, and , have the same production function: Assume all countries have 5 percent population growth rate and 15 percent depreciation rate. Assume for all countries technology (A) is equal to 10 . Assume further that country A saves at 20 percent of output, country B saves at 30 percent of output and country saves at 40 percent of output each year. What is the steady state level of capital per worker for country A?


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