Business, 06.07.2021 22:50 pennygillbert

Suppose the production of a country is Y equals K to the power of 0.2 end exponent (E L )to the power of 0.8 end exponent. And its depreciation rate is 0.07, population growth rate is 0.02, technology growth rate is 0.01, saving rate is 0.30. Answer the following questions. (a) What is the long-run growth rate of per worker output

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Suppose the production of a country is Y equals K to the power of 0.2 end exponent (E L )to the powe...

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