Given A Solow Growth Model Derive The Steady State Physical Capital Per Househol

/in /by

·       Where t represents time or year

·       K represents physical capital

·       A > 0 represents the productivity parameter

·       L denotes number of workers

·       Assume a fraction of the population works y = (0,1)

·       d represents depreciation d = (0,1)

  • B = (0,1)
  • I(t) represents investment

B(1-B)