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2. (10 points) Assume a country is described by the basic Solow model, with a production function of y = 5k1/3. Suppose that the steady-state

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2. (10 points) Assume a country is described by the basic Solow model, with a production function of y = 5k1/3. Suppose that the steady-state amount of physical capital is 31.6. Determine the physical capital depreciation rate if fraction of output invested is 10%

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