Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Chapter 3 PHYSICAL CAPITAL.

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Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Chapter 3 PHYSICAL CAPITAL

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-2 Figure 3.1 GDP and Capital per Worker, 2005

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-3 Figure 3.2 A Production Function with Diminishing Marginal Product of Capital

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-4 Figure 3.3 Capital’s Share of Income in a Cross-Section of Countries

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-5 Table 3.1 Agricultural Land as a Fraction of Total Wealth in the United Kingdom

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-6 Equation 3.1

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-7 Figure 3.4 The Steady State of the Solow Model

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-8 Figure 3.5 Determination of Steady-State Weight

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-9 Figure 3.6 Effect of Increasing the Investment Rate on the Steady State

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-10 Equation 3.2

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-11 Equation 3.3

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-12 Figure 3.7 Predicted Versus Actual GDP per Worker

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-13 Figure 3.8 Saving Rate by Decile of Income per Capita

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-14 Figure 3.9 Solow Model with Saving Dependent on Income Level

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley Chapter 3 Appendix: Further Exploration of the Cobb-Douglas Production Function and the Speed of Convergence in the Solow Model

Copyright © 2009 Pearson Education, Inc. Publishing as Pearson Addison-Wesley 3-16 Figure 3.10 Speed of Convergence to the Steady State