Question: An economy has the per-worker production function y : klf3 where y is output per worker and k is capital per worker. Capital accumulation follows:

 An economy has the per-worker production function y : klf3 where

An economy has the per-worker production function y : klf3 where y is output per worker and k is capital per worker. Capital accumulation follows: k=sy(n+6)k The saving rate 3 is 0.2, the depreciation rate 6 is 0.04, and the population growth rats n is 0.01

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