The economy of the United States can be described by the Solow growth model. The following...

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The economy of the United States can be described by the Solow growth model. The following are some characteristics of the Un

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Answer 1

Answer #1

a) aggregate output growth rate = population growth rate + technology Growth

= .04+0

= 4%

B) per worker output growth rate = technology Growth rate

= 0 %

C) steady state investment level , per worker = output per worker* saving rate

= 100,000*.1

= 10,000

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Answer 2

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