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hypothetical number like 1.140001 will be rounded in your spreadsheet and appear as 1.14. This part of the question requires you to simulate the Malthus

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hypothetical number like 1.140001 will be rounded in your spreadsheet and appear as 1.14. This part of the question requires you to simulate the Malthus growth model. Given the value of the initial population provided, the economy will converge at some point to its steady state and remain there. In this long run equilibrium, the values of all variables in the model will correspond to the ones based on the expressions derived in parts (b) (e) evaluated using the numerical values provided above. (3 marks) QUESTION 2 TOTAL MARKS: 10 Consider the Malthus growth model discussed in class. Suppose that the production function in a specic period is given by l\" : zF(L, N) : zLaNl'\

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