=+ (b) and the steady-state condition that investment equals depreciation, fi nd the steady-state level of capital

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(b) and the steady-state condition that investment equals depreciation, fi nd the steady-state level of capital per worker for each country. Then fi nd the steady-state levels of income per worker and consumption per worker.

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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