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e)- Consider an economy with AK technology, where A: 0.5, saving rate is 14%, labor force growth rate is 1%, and depreciation rate is 4%.
e)- Consider an economy with AK technology, where A: 0.5, saving rate is 14%, labor force growth rate is 1%, and depreciation rate is 4%. Using proper calculations, express the status ofper worker output in this economy in equilibrium in the long run. [You need to show all your work]. (6)
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