Question: 2. Now consider the Ramsey model with a Cobb-Douglas aggregate production function, y = k and a = 0.3. Assume the discount rate p =

2. Now consider the Ramsey model with a Cobb-Douglas aggregate production function, y = k\" and a = 0.3. Assume the discount rate p = 5%, population growth 71 = 2%, technology growth 9 = 3%, and there is no capital depreciation. (a) Derive k\

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