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If total depreciation exceeds gross investment, the economy is [ Select ] its steady state and output per person is growing at a [ Select
If total depreciation exceeds gross investment, the economy is [ Select ] its steady state and output per person is growing at a [ Select ] rate.Using the Solow model, if, at time f = U. the initial capital stock is Kn = 48, investment is In = 20, and a = 0.10 is the depreciation rate. then the economy accumulates ______ units of capital between period 0 and period 1
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