Question: 17.5 Verify Equation (17.20). [Hint: Use gTt = 1Y2t = gTt = 1(Yt - 1 + Yt)2 to show that gTt = 1Y2t = gTt

17.5 Verify Equation (17.20). [Hint: Use gTt

= 1Y2t

= gTt

= 1(Yt - 1 + Yt)2 to show that gTt

= 1Y2t

= gTt

= 1Y2t

- 1 + 2gTt

= 1Yt - 1 Yt + gTt

= 1Y2t

, and solve for gTt

= 1 Yt - 1 Yt.]

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