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Suppose that the per hour worked form of the production function for an economy is given by y =10 k 1/4. The depreciation rate is

Suppose that the per hour worked form of the production function for an economy is given by

y=10k1/4.

The depreciation rate is

17%

and the saving rate is

20%.

What is the steady-state investment per worker and the steady-state level of consumption ?

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