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Macroeconomics and Public Policy :1} Suppose that the production function for an economy.r is given by y = 21. The depreciation rate is 113%, and

Macroeconomics and Public Policy

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:1} Suppose that the production function for an economy.r is given by y = 21\". The depreciation rate is 113%, and the saving rate is 2%. i. Find the steady-state levels of capital per worker and output per worker for this eeonorrqr. [5 points} ii. Find the steady-state levels of investment per worker and consumption per worker. [3 points}

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