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:

Demanding Tone

A communication style that forcefully asks or directs others to fulfill certain requirements or tasks.

Compliance

The act of adhering to laws, regulations, standards, or guidelines set by authorities or organizations.

Justification

The reason or explanation for an action, decision, or belief, demonstrating its appropriateness or validity.

Important Request

A significant or critical appeal or requirement that necessitates prompt attention or action.