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Find the steady-state level of k

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Using the basic setup of the Solow growth model, assuming that the saving rate (s) = 0.18, the rate of capital depreciation (delta, δ) is = 0.06, α (alpha) = 0.5, and the population growth rate (n) = 0.1 find the steady-state level of k (capital-labor ratio). Solve to 2 decimal places

Reference no: EM133083032

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