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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

  1. 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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