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In a Solow-type economy with s, n and δ, total national saving, S t is S...

In a Solow-type economy with s, n and δ, total national saving, S t is S t = s Y t − h K t. The extra term, − h K t, reflects the idea that when wealth (as measured by the capital stock) is higher, saving is lower. (Wealthier people have less need to save for the future.) Find the steady-state values of per-worker capital, output, and consumption. What is the effect on the steady state of an increase in h?

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Kt = capital R = - 고 ANSWER :- As total savings (national st is equal to St sYt-hkt Yt= total production bai Ho capital inten

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