Business, 21.12.2019 03:31, culturedxnat

An economy initially has 200 units of physical capital per worker. each year, it increases the amount of physical capital by 10%. according to the aggregate production function for this economy, each 1% increase in physical capital per worker, holding human capital and technology constant, increases output per worker by 0.25%. in three years' time, what is the level of physical capital per worker in this economy?

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An economy initially has 200 units of physical capital per worker. each year, it increases the amoun...