Solution-Growth rate of technology

Growth rate of technology

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Assume that the rate of depreciation is 10% per year, the population growth rate is 3% per year, and the growth rate of technology is 1% per year. Then the level of investment needed to maintain capital stock (K) in the economy is? {Please show workings}

Reference no: EM131686998

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Growth rate of technology

Reference no: EM131686998

Reference no: EM131686998

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