Question:

Macro Econ Hw Help!!!!!

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Table is here

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  1. A:

    Initial capital per hour of labor level is =40

    B:

    RGDP increases from 15 to 15+7=22

    C:

    Since RGDP is above 15 then population starts to grow (given by definition of task).

    D:

    Capital=40 - because if productivity increases - population starts to grow, it reduces capital per worker back (though there is no enough data to find steady-state level of capital per labor).

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