Question: I need help solving this question. This is all the information provided in the question nothing else. 7. The Solow model and the capital income
I need help solving this question. This is all the information provided in the question nothing else.

7. The Solow model and the capital income share. a) Discuss the data and assumptions you need to measure the value of a in the production function. b) Assume an economy saves according to the following rule "(accounting) profits are always reinvested, wages consumed". Derive the savings rate in this economy. Find the steady state level of capital per capita for this economy. c) Discuss what is special about the steady state you characterized in b)
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