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The dynamics of the stationary system are given by widetilde(k)=swidetilde(y)-(n+g+)widetilde(k) (b) Plot...

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Accounting

The dynamics of the stationary system are given by
widetilde(k)=swidetilde(y)-(n+g+)widetilde(k)
(b) Plot the components of the RHS of Equation (6) and show the steady state of the system
in the graph.
(c) Calculate the steady state level widetilde(y)** as a function of s,n,g and .
(d) What is the growth rate of Y along the BGP?
(Q2) Solow Growth Model - Comparative Statics
The savings rate in the economy given in (QI) increases. Discuss the implications of an increase
in the saving rate for the:
equilibrium value of widetilde(y)**
the growth rate of aggregate output (Y)
derived in Q1. Show the effect of an increase in the saving rate on the dynamics of the stationary
system given by Equation (6).
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