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Hie there, please answer all parts of the question, please make sure to answer all of them in details feel free to use any diagrams

Hie there, please answer all parts of the question, please make sure to answer all of them in details feel free to use any diagrams or any equations for these questions. Please do include as much as you can. If we work for this question we will work in the long run for future questions and I am the VIP user and please do submit on time, thank you so much! If this goes well, 5 start straight away!

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Consider an economy in the Ramsey growth model with population growth rate n and technology growth rate 9. Output is produced according to the Cobb-Douglas production function, Y; = K?(AtLt)1_'. ((3) Suppose the economy is on its balanced growth path. Draw a sketch of the log of GDP per effective worker over time (with time on the x axis and log GDP per effec tive worker on the y axis). [10 marks] ((1) Now suppose that total factor productivity depends on the level of capital, i.e. At = AOKf, with 0

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