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How many periods would it take for an economy

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Use the Cobb-Douglas production function of question 1 where a = 0.3 and a deprecia- tion rate of 0.1. Examine the steady state outcomes of an economy that invests 20% and 30% of GDP. How many periods would it take for an economy with a 20% investment rate to reach its new steady state if it increases its investment rate to 30%?

Reference no: EM13887674

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