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explain in detail Suppose that the economy's production function is Y = K' L(1-@) : where o= 1/3 And that the saving rate is equal

explain in detail

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Suppose that the economy's production function is Y = K' L(1-@) : where o= 1/3 And that the saving rate is equal to 16% and that the rate of depreciation is 2%. Suppose further that the number of workers grows at 1% and that the rate of technological progress is 1% per year. Find the steady-state values of: a) The capital stock per effective worker. b) Output per effective worker. c) The growth rate of output per effective worker. d) If saving rate is doubled what will be its impact on steady state value of output per effective worker. (4+2+2+2=10)

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