Assume an endogenous growth model with labor augmenting technology . The production function is Y = F K , AN , with A = 2 K/N such that y = 2k . If...
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16. Assume an endogenous growth model with labor augmenting technology. The production function is Y = F(K,AN), with A = 2(K/N) such that y = 2k. If the savings rate is s = 0.08, the

rate of population growth is n = 0.03, and the rate of depreciation is d = 0.04, what is the growth rate of output per capita?A) 1%B) 3%C) 4%D) 7%E) 9%
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Subject: Accounting, Business

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