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Solow Growth Model Recall that 033:: _ _I:bY:bFKL d: (,) where b is a constant indicating the rate of national income product that is saved
Solow Growth Model Recall that 033:: _ _I:bY:bFKL d: (,) where b is a constant indicating the rate of national income product that is saved and thus invested. Given F(K, L) = K {1.3%. Does the function exhibit constant returns to scale (CR3)
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