Suppose the parameters of the Romer model take the following values: 
And 
What is the per capita income of this country in the initial period, y0?
Definitions:
Equilibrium Quantity
The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.
Market
An economic system or environment where buyers and sellers interact to exchange goods and services for money or barter.
Merit Raise
A salary increase awarded to employees based on their job performance.
High Performers
Refers to individuals or groups who consistently achieve outstanding results and surpass standard expectations in their work or responsibilities.
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