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i'ms question is about the Solow growth model from Chapter 5. The economy is initially in steady state. The Solow economy can be described by
i'ms question is about the Solow growth model from Chapter 5. The economy is initially in steady state. The Solow economy can be described by the following equations: AKt+ = It -dKt It = sY GGaGE It = L Yt = C+ + It (a) What are the endogenous variables in this model? Also list the exogenous variable and parameters and provide an economic interpretation for each of these. (5 points)
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