Write down the main differential equation of the solow, Business Economics

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Write down the main differential equation of the solow

Write down the main differential equation of the SOLOW model when productivity is constant. Use the equation to explain intuitively how capital per capita, k(t), evolves over time. Us the equation to define the steady state level of capita per capita, k* . What happens to capital K(t) over time when capita is in steady state (k(t) = k*) ?

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Business Economics: Write down the main differential equation of the solow

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