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4. (15 points) Using the following equations, answer the below. y = 0.51 y=c+i mg :Jk, C = (1 - 3hr, The variables y, k,
4. (15 points) Using the following equations, answer the below. y = 0.51 y=c+i mg :Jk, C = (1 - 3hr, The variables y, k, c, i are output, capital, consumption, investment, all in per capita, respec- tively. The positive parameter :5 is the depreciation rate. The numerical value is L5 = 0.05. The parameter s is the savings rate. Population is constant
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