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What happens to the level and growth rate of per capita gdp

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Reference no: EM131634284

Question: An earthquake: Consider a Solow economy that begins in steady state. Then a strong earthquake destroys half the capital stock. Use a Solow diagram to explain how the economy behaves over time. Draw a graph showing how output evolves over time, and explain what happens to the level and growth rate of per capita GDP.

Reference no: EM131634284

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