Compute
ΔK1

K0
.

Round your answer to the nearest tenth of a percent.

Question

Compute 
ΔK1

K0
.

Round your answer to the nearest tenth of a percent.

BlackTom AI · Accepted Answer

The prompt asks you to compute ΔK1 / K0, and then round the result to the nearest tenth of a percent. However, the question as given does not provide any numerical values for K0 or K1, so the exact numeric result cannot be determined from the information shown.

To perform the calculation when values are available, follow these steps:
- Step 1: Identify the initial value K0 (the baseline).
- Step 2: Identify the value K1 (the subsequent value you are comparing to K0).
- Step 3: Compute the change ΔK1 = K1 − K0.
- Step 4: Form the ratio ΔK1 / K0 to express the change relative to the baseline.
- Step 5: To express this as a percentage, multiply the ratio by 100%. This yields (ΔK1 / K0) × 100%, which is the percent change from K0 to K1.
- Step 6: Round the result to the nearest tenth of a percent (i.e., one decimal place).

Because no answer options are provided in the current item, there is nothing to compare against or to select from. If you had specific K0 and K1 values, you would plug them into the steps above and report the final value rounded to one decimal place. The line that appears as the provided answer (6.3) would correspond to a computed percent change of +6.3%, but without the underlying K0 and K1 values, we cannot verify or reproduce that result here.

SP25 ECON 312 001 Midterm Exam #2 (Combined Solow-Romer Model): Sample Questions

Compute ΔK1 K0 . Round your answer to the nearest tenth of a percent.

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