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How to solve (a) in question 5? Question 5 Suppose that the economy's production function is rim/Fm that the savings rate .9 is equal to

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How to solve (a) in question 5?

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Question 5 Suppose that the economy's production function is rim/Fm that the savings rate .9 is equal to 16% and that the rate of depreciation 6 is equal to 10%. Suppose further that the number of workers grows at 2% per year and that the rate of technological progress is 4% per year. a. Find the steady-state values of the variables listed below 1. The capital stock per effective worker. 2. Output per effective worker. 3. The growth rate of output per effective worker. 4. The growth rate of output per worker

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