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Principles of Macroeconomics 2e, Economic Growth, Labor Productivity and Economic Growth | OpenEd CUNY
Professional Finance Studies (PFS) - Balanced or Steady State Rate of Growth the neoclassical growth model attempts to find the equilibrium position toward which the economy will move. In the case of
![Consider an economy in a steady state with population growth rate n (population growth rate), a rate of capital depreciation Delta, and a rate of technological progress g (growth rate in technology). Consider an economy in a steady state with population growth rate n (population growth rate), a rate of capital depreciation Delta, and a rate of technological progress g (growth rate in technology).](https://homework.study.com/cimages/multimages/16/tempsnip5863996169767002638.png)
Consider an economy in a steady state with population growth rate n (population growth rate), a rate of capital depreciation Delta, and a rate of technological progress g (growth rate in technology).
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