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Business, 04.11.2019 22:31 ItzAquaZ8716

Countries abc and xyz are identical, except that abc’s savings rate is twice that of xyz. both countries follow the simple solow growth model, with no changes in the technology level. the depreciation rate is 5% in both countries. in 20x1, capital per worker is 10,000 and real gdp per worker is 2,000 in both countries and the growth rate of capital per worker in country xyz is 0.5% per annum. what is the savings rate in abc?

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