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Social Studies, 21.02.2020 03:26 chinnellepug2149

Assume that two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state the country with the higher saving rate will have level of output per person and rate of growth of output per worker compared to the country with the lower saving rate.

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Assume that two economies are identical in every way except that one has a higher saving rate. Accor...

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