題組內容
4. Suppose a country has a production function that exhibitsconstant returns to scale. Starting from an initial steady statewith population growth rate n and a rate of capital depreciationδ, the country is devastated by a bird flu that quickly kills half ofits population. Use the Solow growth model to graphicallyillustrate the impact of the slower rate of population growth onthe steady-state capital-labor ratio and the steady-state level ofoutput per worker.
Be sure to label the: (14 分)
(e) thedirection the curves shift.