00:01
Okay, so for part a, we're first looking at when the investment rate doubles.
00:06
So when the investment rate doubles, well, we're going to have that the per capita gdp is going to increase.
00:15
So when the investment rate doubles, the per capita gdp will increase because investments will be higher than the growth rate of the steady state.
00:25
And then for part b, we have that the depreciation rate falls by 10%.
00:36
So we fall 10%.
00:41
So if the depreciation rate falls by 10%, well, commodity gets cheaper.
00:46
However, this will not affect the per capita gdp.
00:51
So this does not affect the per capita gdp.
00:57
So it does not affect the per capita gdp because we are approaching the steady rate.
01:05
And then for part c, we have the productivity level rises by 10%...