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Verify that the following are true in the basic Solow growth model with no technological progress and no population growth: (a) The real rate of
Verify that the following are true in the basic Solow growth model with no technological progress and
no population growth:
(a) The real rate of return R/P is constant along the BGP
(b) The real wage W/P is constant along the BGP
(c) The capital to labor ratio K/N is constant along the BGP
(d) The capital to output ratio K/Y is constant along the BGP
How do these results match up to the Kaldor and Kuznets stylized facts?
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