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Please. Macroeconomics Suppose that an economy's production function is Y = 4? JAN , where K is capital, N is labor, A is the state

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Please. Macroeconomics

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Suppose that an economy's production function is Y = 4? JAN , where K is capital, N is labor, A is the state of technology, and AN denotes the amount of effective labor in the economy. Suppose that the saving rate, s} is equal to 14%, and that the rate of depreciation, 5, is equal to 10%. Suppose further that the number of workers, gN, grows at 3% per year and that the rate of technological progress, 9A, is 4% per year. Given the values of the economy, compute the following: The steady-state value of the capital stock per effective worker is . (Round your response to two decimal places.) The steady-state value of output per effective worker is El. (Round your response to two decimal places.) The steady-state value of the growth rate of output per effective worker is %_ (Enter your response as an integer.) The steady-state value of the growth rate of output per worker is %. (Enter your response as an integer.) The steady-state value of the growth rate of output is %. (Enter your response as an integer.) Suppose that the rate of technological progress doubles to 8% per year. Recompute the steady-state values. The steady-state value of the capital stock per effective worker is . (Round your response to two decimal places.) The steady-state value of output per effective worker is . (Round your response to two decimal places.) The steady-state value of the growth rate of output per effective worker is . (Enter your response as an integer.)

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