{"id":38993,"date":"2017-06-19T04:00:10","date_gmt":"2017-06-19T08:00:10","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=38993"},"modified":"2017-07-14T10:05:10","modified_gmt":"2017-07-14T14:05:10","slug":"office-hours-the-solow-model","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2017\/06\/19\/office-hours-the-solow-model\/","title":{"rendered":"Office Hours: The Solow Model"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"https:\/\/www.youtube.com\/embed\/p32tHlm2R8U?list=PL-uRhZ_p-BM52EbMG1NR1ZfG9tEvcxE4u\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<blockquote><p><strong>Published on 20 Apr 2016<\/strong><\/p>\n<p>In last week\u2019s Principles of Macroeconomics video, you learned about the steady state level of capital and the <a href=\"http:\/\/quotulatiousness.ca\/blog\/2017\/06\/04\/intro-to-the-solow-model-of-economic-growth\/\" target=\"_blank\">Solow model of economic growth<\/a>. Here are two of the practice questions from that video:<\/p>\n<p>Country A has K=10,000 and produces GDP according to the following equation: GDP=5\u221aK.<br \/>\n1) If the country devotes 25% of its GDP to making investment goods, how much is the country investing?<br \/>\n2) If 1% of all machines become worthless every year (they depreciate, in other words) in Country A, GDP is&#8230;?<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Published on 20 Apr 2016 In last week\u2019s Principles of Macroeconomics video, you learned about the steady state level of capital and the Solow model of economic growth. Here are two of the practice questions from that video: Country A has K=10,000 and produces GDP according to the following equation: GDP=5\u221aK. 1) If the country [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25],"tags":[1094,1093,1143],"class_list":["post-38993","post","type-post","status-publish","format-standard","hentry","category-economics","tag-gdp","tag-macroeconomics","tag-principlesofeconomics"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-a8V","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/38993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=38993"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/38993\/revisions"}],"predecessor-version":[{"id":38994,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/38993\/revisions\/38994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=38993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=38993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=38993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}