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Cobb-douglas production function

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Reference no: EM132092046

If in an economy, the current rate of economic growth in real terms is 3%. However, the population of the country is constant at this time but is likely to turn negative over the next decade.

What will be happening to the rate of growth of the economy if they do not take any specific action (use a Cobb-Douglas production function)?

Reference no: EM132092046

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