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The following graph represents the economy of the Banana Republic with a population growth rate of 2% and capital depreciation rate of 8%. 1. At
The following graph represents the economy of the Banana Republic with a population growth rate of 2% and capital depreciation rate of 8%.
1. At the steady state, output per unit of labor is
2. At the steady state, growth rate of output per unit of labor (Y/N) is
3. At the steady state, the growth rate of output is
4. At the steady state, capital per unit of labor is
5. At the steady state, the growth of capital per unit of labor (K/N) is
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