What is the production per capita in year 1

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Suppose the growth of production in Country A follows Harrod-Domar Model. Country A has 100 people(labors) in Year 1. The capital K in Year 1 is 60. The incremental capital-output ratio v = 5 and the constant savings rate s = 0.1. For Country A, what is the production per capita in Year 1?

Reference no: EM132440657

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