An economy is currently at it's steady state. Their depreciation rate is 7.7% and their capital stock is 3,431. What will be their level of investment? Do not round until your final answer, when you may round to two decimal places.

An economy is currently at it's steady state. Their depreciation rate is 7.7% and their capital stock is 3,431. What will be their level of investment? Do not round until your final answer, when you may round to two decimal places.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 9P

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Question

An economy is currently at it's steady state. Their depreciation rate is 7.7% and their capital stock is
3,431. What will be their level of investment?
Do not round until your final answer, when you may round to two decimal places.

Nuku has an unemployment rate of 11%. There are 11,045 people who are working or have work.
How many people are in Nuku's labor force?
Round to the nearest whole number.

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