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What is the growth rate of per capita output for a Cobb-Douglas production function with labour-augmenting technical progress, Y = K0.5(BN)0.5, where the level of
What is the growth rate of per capita output for a Cobb-Douglas production function with labour-augmenting technical progress, Y = K0.5(BN)0.5, where the level of technical progress is proportional to the capital-labour ratio, B = 4k, the saving rate 8%, the population grows at a 3% rate, and the depreciation rate is 4%
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