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Section C: The Romer Model Question 1The Romer model can be de... | Filo
Section C: The Romer Model Question 1The Romer model can …
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Suppose the parameters of the Romer model take the following values: A0 = 100, the research share is 10%, z = 1/500, and the workforce is L = 100. What is the output per person in the initial period (y0)? A) Between 50 and 55 B) Between 65 and 75 C) Exactly 90 D) None of the others
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