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ASAP Please Suppose that an economy's production function is Y: st/w, where K is capital, N is labor, A is the state of technology, and

ASAP Please

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Suppose that an economy's production function is Y: st/w, where K is capital, N is labor, A is the state of technology, and AN denotes the amount of effective labor in the economy Suppose that the saving rate, 5, is equal to 13%, and that the rate of depreciation, 6, is equal to 8%. Suppose further that the number of workers, 9N: grows at 5% per year and that the rate of technological' progress, 9A: is 4% per year. Given the values of the economy, compute the following: The steadyestate value of the capital stock per effective worker is . (Round your response to two decimal places.) The steadyestate value of output per effective walker is . (Round your response to two decimal places.) The steadyestate value of the growth rate of output per effective worker is %. (Enter your response as an integer.) The steadystate value of the growth rate of output per worker is %. (Enter your response as an integer.) The steadyestate value of the growth rate of output is %. (Enter your response as an integer.) Suppose that the rate of growth of workers doubles to 10% per year. Recompute the steadyestate values. The steadystate value of the capital stock per effective worker is . (Round your response to two decimal places.) The steadyestate value of output per effective walker is . (Round your response to two decimal places.) The steadystate value of the growth rate of output per effective worker is %. (Enter your response as an integer.) The steadystate value of the growth rate of output per worker is %. (Enter your response as an integer.) The steadyestate value of the growth rate of output is %. (Enter your response as an integer.) All else constant, people are better off with a lower rate of growth in the number of workers. 0 A. True 0 B. False

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