Paths of per capita income and the per capita capital stock

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Reference no: EM13801737

Suppose there is an increase in the immigration to the US from around the world (ie. No specific country).

a. Show graphically how this affects the growth rate of both output per capita and total output in the short and the long run (Hint: Use a line graph)

b. Chart the time paths of per capita income and the per capita capital stock following this change. (Hint: Use a separate diagram)

Reference no: EM13801737

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