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_ Assume you have been hired as a consultant to help a country achieve a higher growth rate. The country you are advising has a
_ Assume you have been hired as a consultant to help a country achieve a higher growth rate. The country you are advising has a capital-output ratio (k) of 3.4. What is the necessary savings rate (3) to achieve a growth rate (Q) of 003. Use the Harrod-Domar model to solve the question. (round to 2 decimal place). D Question 10 1 pts Using the basic setup of the Solow growth model. assuming that the saving rate (3) = 0.18. the rate of capital depreciation (delta, 6) is = 0.06, c (alpha) = 0.5, and the population growth rate (n) = 0.05 nd the steady-state level of k (capital-labor ratio). Solve to 2 decimal places
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