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Consider a Solow-Swan growth model The production function is given by y = [cl/3 and the economy saves 20 percent of its income. Capital depreciates
Consider a Solow-Swan growth model The production function is given by y = [cl/3 and the economy saves 20 percent of its income. Capital depreciates at I percent a year. A country's current level of capital per capita is $8. How much is the growth rate of income after one period? Enter numbers with one decimal place only. No signs, no symbols. no words
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