Question: 28.Consider the Solow model with exogenous growth. Assume that because of global warming the depreciation rate increases. Illustrate the change in the steady state. What

28.Consider the Solow model with exogenous growth. Assume that because of

global warming the depreciation rate increases. Illustrate the change in the

steady state. What happens to the growth rate of standard of living in the new

steady state?

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