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3) Consider the growth model of Solow. Assume that the production technology is Cobb-Douglas: Y = KbL1-b. Mathematically prove that the growth rate of the

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3) Consider the growth model of Solow. Assume that the production technology is Cobb-Douglas: Y = KbL1-b. Mathematically prove that the growth rate of the GDP per capita in the long-run is zero. (Show all your work, 10pt.). Explain why it is zero in words (15pt.)

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