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Using the generalization of the Harrod-Domar-Solow formula, find the share, in percent, of wealth owned by the top 10% in a world where: the
Using the generalization of the Harrod-Domar-Solow formula, find the share, in percent, of wealth owned by the top 10% in a world where: the share of income earned by the bottom 90% is 70% of total income the average saving rate of the top 10% is 60% the average saving rate of the economy is 20%
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answer Heres the approach Define Variables stop Saving rate of the top 10 given as 06 savg Average s...
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
