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Consider the following Solow growth economy: 1. output y=vk (where k is capital per person and y is output per person) 2. savings rate =

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Consider the following Solow growth economy: 1. output y=vk (where k is capital per person and y is output per person) 2. savings rate = 1/2 3. depreciation rate of 10%. The steady-state capital-to-labor ratio for this economy is: O k=2.5 O k=5 O k=12.5 O k=25

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