Countries abc and xyz are identical, except that abc’s savings rate is twice that of xyz. both countries follow the simple solow growth model, with no changes in the technology level. the depreciation rate is 5% in both countries. in 20x1, capital per worker is 10,000 and real gdp per worker is 2,000 in both countries and the growth rate of capital per worker in country xyz is 0.5% per annum. what is the savings rate in abc?

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?