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Assume an endogenous growth model with a production function that in per capita terms can be written as y=0.9k. If the savings rate is s=0.2,
Assume an endogenous growth model with a production function that in per capita terms can be written as y=0.9k. If the savings rate is s=0.2, the rate of growth of population is n=0.03, and the rate of depreciation is d=0.1, how high is the rate of growth of output per capita? A. 8% B. 18% C. 5% D. 15% E. There is not enough information to calculate it. Assume an endogenous growth model with a production function that in per capita terms can be written as y=0.9k. If the savings rate is s=0.2, the rate of growth of population is n=0.03, and the rate of depreciation is d=0.1, how high is the rate of growth of output per capita? A. 8% B. 18% C. 5% D. 15% E. There is not enough information to calculate it
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