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Unformatted text preview: steady-state levels of income per worker and consumption per worker. c. Suppose that the initial capital stock per worker is 2. What are the levels of income per worker and consumption per worker? Remembering that the change in the capital stock is investment less depreciation, use a calculator or a computer spreadsheet to show how the capital stock per worker will evolve over time in the first five years....
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This document was uploaded on 10/28/2011 for the course ECON 420 at UNC.
- Fall '08