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Business, 27.03.2020 03:27 malikbryant2002

In the Solow growth model, if two countries are otherwise identical (with the same production function, same saving rate, same depreciation rate, and same rate of population growth) except that Country Large has a population of 1 billion workers and Country Small has a population of 10 million workers, then the steady-state level of output per worker will be and the steady-state growth rate of output per worker will be .

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