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c. Assume that the depreciation rate is 20 percent per year. Make a table showing steady-state capital per worker, output per worker, and consumption per
c. Assume that the depreciation rate is 20 percent per year. Make a table showing steady-state
capital per worker, output per worker, and consumption per worker for saving rates of 0 percent,
10 percent, 20 percent, 30 percent, and so on. (You will need a calculator with an exponent key
for this.) What saving rate maximizes output per worker? What saving rate maximizes
consumption per worker?
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