这是道英文题,里面的名词似乎没碰到过,哪位大虾能帮忙解决下?
Consider an economy in which thedepreciation rate is 3% per year, the rate of population increase is 1% per year, the rate of technological progress is 1% per year, and the sum of household and foreign saving rates is 16% of GDP. Suppose that the government increases its budget deficit (which had been at 1% of GDP for a long time) to 3.5% of GDP and keeps it there indefinitely.
a. What will be the effect of this shift in policy on the economy's equilibrium capitaloutput
ratio?
b. What will be the effect of this shift in policy on the economy's equilibrium balanced-growth path for output per worker? How does your answer depend on the value of the diminishing-returns-to-investment parameter (α)?
c. Suppose that your forecast of output per worker 20 years in the future had been 100,000. What is your new forecast of output per worker twenty years hence?