depr

gN

e

b

r

η

1 + r(1 + η)

1 + gh

1 + gL

0.01

0.002

0.341

0.540

0.074

0.347

1.09953

1.031

1.00091

0.02

0.002

0.361

0.271

0.061

0.235

1.07482

1.022

1.00123

0.03

0.002

0.384

0.046

0.048

0.063

1.05052

1.013

1.00156

0.033

0.002

0.391

−0.008

0.044

−0.013

1.04331

1.010

1.00166

0.034

0.002

0.393

−0.025

0.043

−0.042

1.04091

1.009

1.00169

0.035

0.002

0.396

−0.041

0.042

−0.072

1.03852

1.008

1.00172

0.036

0.002

0.398

−0.057

0.040

−0.105

1.03613

1.007

1.00175

0.037

0.002

0.401

−0.072

0.039

−0.140

1.03375

1.006

1.00179

0.038

0.002

0.403

−0.086

0.038

−0.177

1.03137

1.005

1.00182

0.04

0.002

0.408

−0.114

0.036

−0.259

1.02662

1.003

1.00189

0.05

0.002

0.435

−0.228

0.026

−0.878

1.00312

0.994

1.00221

0.06

0.002

0.464

−0.314

0.016

−2.216

0.98003

0.985

1.00254

0.07

0.002

0.495

−0.383

0.008

−6.371

0.95735

0.976

1.00288

depr

gN

1 + gY

X

1 + gc

1 + gw

1 + g(1 + D)

(1 + gY)/(1 + gN)

1 + gN opt

0.01

0.002

1.077

0.683

1.075

1.044

1.00109

1.075

1.0019999

0.02

0.002

1.054

0.685

1.052

1.031

1.00076

1.052

1.0020002

0.03

0.002

1.032

0.692

1.030

1.017

1.00044

1.030

1.0019999

0.033

0.002

1.025

0.695

1.023

1.014

1.00034

1.023

1.0019999

0.034

0.002

1.023

0.696

1.021

1.012

1.00031

1.021

1.0020001

0.035

0.002

1.021

0.698

1.019

1.011

1.00028

1.019

1.0020000

0.036

0.002

1.019

0.699

1.016

1.010

1.00025

1.016

1.0019999

0.037

0.002

1.016

0.700

1.014

1.008

1.00021

1.014

1.0020001

0.038

0.002

1.014

0.702

1.012

1.007

1.00018

1.012

1.0019999

0.04

0.002

1.010

0.705

1.008

1.005

1.00011

1.008

1.0020000

0.05

0.002

0.988

0.723

0.986

0.992

0.99979

0.986

1.0020001

0.06

0.002

0.966

0.752

0.964

0.979

0.99946

0.964

1.0020002

0.07

0.002

0.945

0.800

0.943

0.966

0.99913

0.943

1.0019997