Question: 3. With a learning by doing growth model. Another way to obtain growth is to assume that the process of production becomes more effective as

 3. With a learning by doing growth model. Another way to

3. With a learning by doing growth model. Another way to obtain growth is to assume that the process of production becomes more effective as production occurs. All inputs (labor and capital) are now engaged in goods production. However, no specific investment is required. Analyze the model according to the values of n, that is 0 1 and n = 0;n> 0: Please find the level and growth rates of Y(t) and y(t) = () L(t) (30 marks)

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