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Consider a Solow growth model with the formulation 5 = 0.0175 investment = 0.192 VK Y = 0.384VK, Macmillan Learning Where o is the rate
Consider a Solow growth model with the formulation 5 = 0.0175 investment = 0.192 VK Y = 0.384VK, Macmillan Learning Where o is the rate of depreciation, K is level of capital, and Y is the level of output. Adjust the line labeled Depreciation and the function labeled Investment to be consistent with the given model. 3.0- Depreciation Investment, depreciation, and output Investment 0.0 20 40 60 80 100 120 140 160 180 200 Capital (K) Incorrect What is the steady-state level of capital ? steady-state level of capital: 120.37 What is the steady-state output? steady-state output: 4.23
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