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Suppose an economy experiences technological change at rate gA-depreciation at rate d, and population growth at rate gN Furthermore the economy saves at a constant rate If the economy is in

Suppose an economy experiences technological change at rate gA-depreciation at rate d, and population growth at rate gN. Furthermore, the economy saves at a constant rate s. If the economy is in steady state, we would expect output per worker to grow at a rate of gA +9N O output per worker to grow at a rate of d + 9A + gN output per worker to grow at a rate of gN O output per worker to be constant O output per worker to grow at a rate of gA

May 15 2020 View more View Less

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