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An economy without population growth or technological progress has the production function y = 20k 2. The current capital stock is 100, the depreciation rate
An economy without population growth or technological progress has the production function y = 20k 2. The current capital stock is 100, the depreciation rate is 10%, and the population growth rate is 2%. Macmillan Learn 10 For income per person to grow, what rate must the saving rate exceed? % Incorrect
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