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Consider a closed economy in which the population and work force annual growth rate is . Consumption is , where is the tax rate and
Consider a closed economy in which the population and work force annual growth rate is Consumption is where is the tax rate and is total output. The perworker production function is: where is output per worker and is capital per worker. The annual capital depreciation rate is If we assume for now that there is no government, which of the following is the correct expression for savings per worker? A B C D E If we still assume that there is no government, which o
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