Question
Derive an expression for the growth rate of capital-per-worker as a function of capital-per-worker and parameters. Use a diagram to illustrate this relationship and
Derive an expression for the growth rate of capital-per-worker as a function of capital-per-worker and parameters. Use a diagram to illustrate this relationship and discuss the role of capital accu- mulation for economic growth. Make sure your diagram is labeled correctly.
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
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