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Please answer ALL parts V-X of problem 1. Thanks!!!! Problem 1. Consider the Solow-Swan growth model, with a savings rate, 5, a depreciation rate, 6,

Please answer ALL parts V-X of problem 1. Thanks!!!!

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Problem 1. Consider the Solow-Swan growth model, with a savings rate, 5, a depreciation rate, 6, and a population growth rate, 11. The production function is given by Y = AK + BK1/4L3/4 where A and B are positive constants. Note that this production is a mixture of Romer's AK model and the neoclassical Cobb-Douglas production function. - (v) Use the production function in per capita terms to write the fundamental equation of the SolowSwan model. - (vi) Suppose first that SA 6 HI. Draw the savings and depreciation curves. Under these circumstances, will there be positive growth in the long run? Why? - (x) If s = 0.25, A = 3, B = 2, 6 = 0.15 and n = 0.1, the growth rate converges to some value as time goes to infinity. What is this value

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