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1. Given the following information for the Jordan economy. Marginal product of labor 0.50 Marginal product of capital 0.50 Total Population 25 Million saving rate

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1. Given the following information for the Jordan economy. Marginal product of labor 0.50 Marginal product of capital 0.50 Total Population 25 Million saving rate 0.20 depreciation rate 0.18 steady-state capital per worker 25 population growth rate 0.03 steady state output per worker 40.000 What is the steady-state level of investment worker Jordan 12 points 8.90 Ten

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