Econ 102 Midterm

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Last updated 1:11 AM on 7/9/26
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18 Terms

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Capital per Worker

k = K/L

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Aggregate Output

Y

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Aggregate Capital

K

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Labor/Population

L

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Saving Rate

s

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Depreciation Rate

δ (Special d)

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Technology/TFP

A

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Capital Share of Income in Cobb-Douglas

α (alpha)

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Output Per Worker

y = Y/L

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Consumption per Worker

c = (1 - s) * y

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Investment Per Worker

i = sy

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Basic Steady State

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Extended Steady State

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Extended Golden Rule

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Capital Per Effective Worker

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Output Per Effective Worker

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Population Growth

η

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Technology Growth

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