Suppose That Two Countries Are Exactly Alike in Every Respect

question 33

Essay

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

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Definitions:

Fourteenth Amendment

The Fourteenth Amendment to the United States Constitution grants citizenship to all persons born or naturalized in the U.S., and guarantees all citizens "equal protection of the laws," significantly impacting civil rights.

Antifederalists

Individuals or groups opposed to the creation of a stronger U.S. federal government and the ratification of the Constitution in 1787, advocating for more power to states.

Bill of Rights

A collective term for the first ten amendments to the United States Constitution, guaranteeing such rights as freedom of speech, assembly, and worship.

Federalists

A political group in early U.S. history that advocated for a strong federal government and supported the ratification of the U.S. Constitution.