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the economy has a capital share of 0.30, a savings rate of 0.50, a depreciation rate of 5.25%, a rate of population growth of 4.25%
the economy has a capital share of 0.30, a savings rate of 0.50, a depreciation rate of 5.25%, a rate of population growth of 4.25% and a labor augmenting technological change of 4%. Calculate K*, Y* and marginal growth of product
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Economics for Managers
Authors: Paul G. Farnham
3rd edition
132773708, 978-0133561128, 133561127, 978-0132773706
