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bennick bennick
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A year ago
Two countries Newlandia and Oldia have the same production function, but Newlandia has a higher growth rate. According to the Solow Model, which of these is NOT a reason why this might be the case?

▸ Oldia is to the right of its steady-state and experiencing negative growth

▸ Newlandia is improving technology at a faster rate

▸ Newlandia is to the left of its steady-state and so is experiencing catch-up growth

▸ Both countries are at their steady state but Newlandia has a higher savings rate
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Macroeconomics

Macroeconomics


Edition: 3rd
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jcochran128jcochran128
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A year ago
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bennick Author
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this is exactly what I needed
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