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Is the country at its steady-state level of output per

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A country is described by the Solow Model, with a production function of y=k 1/2. Suppose that k is equal to 400. The fraction of output invested is 50%. The depreciation rate is 5%. Is the country at its steady-state level of output per worker, above the steady state, or below the steady state? Show how you reached your conclusion.

Reference no: EM13394034

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