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country in a steady state invests 3 0 % of its output in new capital, 2 9 6 of its capital stock depreciates each year,
country in a steady state invests of its output in new capital, of its capital stock depreciates each year, and there is no population growth. Over time, the country's production function changes from y JR to y KWhat is the original steady state level of K per worker What is output?What is the new steadystate level of K What is output?What does the change in production function represent?
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