Over the past 20 years, an economy's total output has grown from 1000 to 1300, its capital
Question:
a. assuming that aK = 0.3 and aN = 0.7;
b. assuming that aK = 0.5 and aN = 0.5.
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Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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