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Suppose that production function is Cobb-Douglas, a.Find expressions for , and as function of the parameters of the model , , , and . b.What

Suppose that production function is Cobb-Douglas,

a.Find expressions for , and as function of the parameters of the model

, , , and .

b.What is the golden rule value of k?

c.What saving rate is needed to yield the Golden Rule of capital stock?

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