Assume an endogenous growth model with labor augmenting technology . The production function is Y = F K , AN with A = 2 K/N , so y = 2k . If the...
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15. Assume an endogenous growth model with labor augmenting technology. The production function is Y = F(K,AN) with A = 2(K/N), so y = 2k. If the savings rate is s = 0.05 and there

is neither population growth nor depreciation of capital, what is the growth rate of output?A) 0%B) 2.5%C) 5%D) 10%E) it cannot be determined
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Subject: Accounting, Business

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