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3) There are two countries, Anihe country A) and Bapan (country B), with the same production function f(k) = 565 However, country A has saving
3) There are two countries, Anihe country A) and Bapan (country B), with the same production function f(k) = 565 However, country A has saving rates of 0.2 depreciation rate of 0.2 and population growth of 0.2, while country has saving rates of 0.1 depreciation rate of 0.15 and population growth of 0.05. Using the Solow model: a. Find the steady state capital-labor ratio for each country b. Find the steady state output per worker, and the steady state consumption per worker for each country 6 Which country produces the most per capita? Which country consumes the most per capita
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