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4. Using the Romer model discussed in lectures, show (using equations and a diagram) the effect of an increase in the proportion of workers in
4. Using the Romer model discussed in lectures, show (using equations and a diagram) the effect of an increase in the proportion of workers in the research sector on the balanced growth path of output per worker. There is no need to derive the equations again; just use the ones obtained in lectures. yt=A0(1 z l L)t(1-l)
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