Consider an economy with the production function Y=AK N-0 with 8=1/4. In a year in the...

 

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Consider an economy with the production function Y=AK N-0 with 8=1/4. In a year in the capital stock grew at rate 3.7%, the population grew at 1.1%, and productivity grew at 5.7%, what is the growth rate of YY/N. (Note: provide answer as a percent growth rate) 0,052 Consider an economy with the production function Y=AK N-0 with 8=1/4. In a year in the capital stock grew at rate 3.7%, the population grew at 1.1%, and productivity grew at 5.7%, what is the growth rate of YY/N. (Note: provide answer as a percent growth rate) 0,052

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To find the growth rate of output per capita YN we need to calculate the growth rates of ... View the full answer