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Please let me know the steps too, thank you 6. In the Harrod-Domar model, suppose that the national capital-output ratio is 4. If the national

Please let me know the steps too, thank you

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6. In the Harrod-Domar model, suppose that the national capital-output ratio is 4. If the national net savings rate increases from 8% to 12%, and the depreciation rate remains constant at 1%, the economic growth rate will increase from to 7. In Baldonia, the GNP growth rate is 6 percent per year and the capital stock is growing by 8 percent per year. Capital's share of national income is 30 percent. The labour force is growing by 3% . Using the sources of growth model, calculate the residual

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