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Suppose that the production function is given by Y = 0.5VKVN, where Y is output, K is capital, and N is the number of workers.
Suppose that the production function is given by Y = 0.5VKVN, where Y is output, K is capital, and N is the number of workers. The steady-state level of capital per worker in terms of the saving rate, s, and the depreciation rate, 6, is KIN = . (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be created with the " character.) X Vi Vi 6 More
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