If the marginal propensity to save, in the economy is 0.5, the rate of growth of population
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Question:
- If the marginal propensity to save, in the economy is 0.5, the rate of growth of population is 10%, the rate of depreciation of capital is 20%, and the output sensitivity of capital is 0.5, what is the steady state level of per capita capital?
3.225
2.778
3.159
2.389
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