Assume that an economy experiences both positive population growth () and technological progress ()

Economics Feb 24, 2022

Assume that an economy experiences both positive population growth () and technological progress (). The capital depreciation rate is . Once the economy has reached balanced growth, we know that the capital per effective worker ratio (K/AN) is growing at a rate ________; the capital per worker ratio (K/N) is growing at a rate ____________; aggregate capital stock (K) is growing at a rate ____________; the level of investment per effective worker is ___________________.