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Assume that, in the balanced growth path (BGP), gy = gk = gh = gA = g . What is the level of physical capital
Assume that, in the balanced growth path (BGP),gy=gk=gh=gA=g. What is the level of physical capital and human capital per worker in the BGP? Are these constant? Explain.
Assume that, in the balanced growth path (BGP), g, = y; = g... = 94 = 5;. What is the level of physical capital and human capital per worker in the BGP? Are thwe constant? ExplainStep by Step Solution
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