1 aggregate output is produced with population of workers

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Reference no: EM13372439

1. Aggregate output is produced with , population of workers grows according to , capital stock evolves according to , and saving rate is s.

a. Derive the law of motion of capital per worker.

127_Draw the graph of the law of motion of capital per worker3.png

b. Draw the graph of the law of motion of capital per worker, and indicate the steady state.

Reference no: EM13372439

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