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y=K^0.2L^0.8 savings rate is 5% and savings rate is 45% population growth rate is 10% Using the solow growth model and golden rule model from
y=K^0.2L^0.8 savings rate is 5% and savings rate is 45% population growth rate is 10% Using the solow growth model and golden rule model from economics tell me what the per worker production function is. Then find the steady state levels of: capital per worker, output per worker, and consumption per worker
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
