Question: SUM 1. The country's per-worker production function is y = 5,2/3, where y, is output per worker and is the pro labour ratio. The depreciation

SUM 1. The country's per-worker production function is y = 5,2/3,

SUM 1. The country's per-worker production function is y = 5,2/3, where y, is output per worker and is the pro labour ratio. The depreciation rate is 12% and the population growth rate is 4%. The saving rate is 20%. Calculate the steady-state value of consumption per worker. Show your work. (5) thochare of the ranital that depreciates faster. SUM 1. The country's per-worker production function is y = 5,2/3, where y, is output per worker and is the pro labour ratio. The depreciation rate is 12% and the population growth rate is 4%. The saving rate is 20%. Calculate the steady-state value of consumption per worker. Show your work. (5) thochare of the ranital that depreciates faster

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