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Consider the Solow model. Consider an economy in its steady state. The technological growth rate is 2%. Population growth rate is 3%. Depreciation rate is
Consider the Solow model. Consider an economy in its steady state. The technological growth rate is 2%. Population growth rate is 3%. Depreciation rate is 5%. Its real GDP per capita growth rate is
Select one:
A.3%
B.2%
C.5%
D.10%
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