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wberry8 wberry8
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A year ago
Scenario: Consider two countries: Country A and Country B. Both countries have the identical aggregate production functions, populations, and efficiency units of labor, but they have different saving rates. The saving rate is higher in Country A than in Country B.


Refer to the scenario above. If both economies have the same depreciation rate, then which of the following statements will be TRUE?

▸ Country A will have a greater physical capital stock and a lower GDP than Country B.

▸ Country A will have a lower physical capital stock and GDP than Country B.

▸ Country A will have a lower physical capital stock and a higher GDP than Country B.

▸ Country A will have a greater physical capital stock and a higher GDP than Country B.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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janel989janel989
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A year ago
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wberry8 Author
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A year ago
This site is awesome
dearsophia21
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Yesterday
Good timing, thanks!
momochiime
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2 hours ago
Thanks
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