to 3/4 to preserve constant returns to scale in objects.
a. What is the growth rate of output per worker along a balanced growth path?
b. Solve for the level of output per worker along a balanced growth path.
to 3/4 to preserve constant returns to scale in objects.
a. What is the growth rate of output per worker along a balanced growth path?
b. Solve for the level of output per worker along a balanced growth path.