1.5. Find the elasticity of output per unit of effective labor on the balanced growth path, y,...
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1.5. Find the elasticity of output per unit of effective labor on the balanced growth path, y, with respect to the rate of population growth, n. If ak (k"). 9. 2%, and 6 = 3%, by about how much does a fall in n from 2% to 1% raise y*?
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