Consumption per worker is 72,depreciation is 12.5%,and capital per worker is 64.Given the production function y = 20 
,show that this economy is in a steady state.If the saving rate should double,what is the new steady-state level of consumption per worker?
Definitions:
General Journal
The most basic form of journal.
Subsidiary Ledger
A Subsidiary Ledger is a set of accounts that provides detailed information to support a general ledger account, such as detailed customer or vendor transactions supporting the accounts receivable or payable balances.
Electronic Accounting Systems
Digital systems that manage and process financial transactions and accounting tasks through specialized software.
Manual Accounting Systems
Traditional systems of accounting that use physical ledgers and books to record financial transactions manually.
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