Two countries are exactly alike in every respect except

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Suppose that two countries are exactly alike in every respect except that the citizens of country A have a higher depreciation rate than the citizens of country B. a) Which country will have the higher level of output per worker in the steady state? Illustrate graphically. Verbally explain. b) Which country will have the faster rate of growth of output per worker in the steady state? Why?

Reference no: EM13984931

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