Assume an endogenous growth model with labor augmenting technology.The production function is Y = F(K,AN), with A = 2(K/N) such that y = 2k.If the savings rate is s = 0.08, the rate of population growth is n = 0.03, and the rate of depreciation is d = 0.04, what is the growth rate of output per capita?
A)1%
B)3%
C)4%
D)7%
E)9%

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The Answer of Assume an endogenous growth model with labor augmenting technology.The production function is Y = F(K,AN), with A = 2(K/N) such that y = 2k.If the savings rate is s = 0.08, the rate of population growth is n = 0.03, and the rate of depreciation is d = 0.04, what is the growth rate of output per capita?
A)1%
B)3%
C)4%
D)7%
E)9%

Assume an Endogenous Growth Model with Labor Augmenting Technology