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courtneyjuma courtneyjuma
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A year ago
Scenario: Consider two countries, Country A and Country B. Both countries have identical aggregate production functions, populations, and efficiency units of labor, but they have different technologies. The technology used in Country B is more advanced than that used in Country A.


Refer to the scenario above. If the size of the population is the same in both countries, at the steady-state equilibrium, ________.

▸ the GDP per capita of Country B will be higher than that of Country A

▸ the GDP per capita of Country A will be higher than that of Country B

▸ the physical capital stock will be the same in both countries

▸ the GDP per capita will be the same in both countries
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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nguyenphuc1990nguyenphuc1990
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A year ago
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courtneyjuma Author
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A year ago
Good timing, thanks!
MLynneMcMillan
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Yesterday
Just got PERFECT on my quiz
decibul
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2 hours ago
Brilliant ツ
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