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Please find the attachment below: 2. Consider a closed economy with no population growth, no exogenous technological progress, and no physical capital. At any point

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2. Consider a closed economy with no population growth, no exogenous technological progress, and no physical capital. At any point in time, the representative household has one unit of time that can be divided between working (N) in the production sector and acquiring human capital. The law of motion for the worker's stock of human capital (H) is Ht+1 = (1 6)Ht + A(]. Nt) where 6 is the depreciation rate of human capital (satisfying 0

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