1 aggregate output is produced with population of workers

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1. Aggregate output is produced with 908_Draw the graph of the law of motion of capital per worker.png, population of workers grows according to 795_Draw the graph of the law of motion of capital per worker1.png, capital stock evolves according to 943_Draw the graph of the law of motion of capital per worker2.png, 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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