In the derivation of the solow growth model we assumed that

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In the derivation of the Solow growth model, we assumed that government spending and taxes less transfers were both zero. Relax that assumption and assume that both are constant graction of GDP, say T = G = gammaY. What is the steady state level of capital?

Reference no: EM13378768

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In the derivation of the solow growth model we assumed that

Reference no: EM13378768

Reference no: EM13378768

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