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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?


Definitions:

Social Rules

Agreed-upon guidelines that dictate the behavior expected of individuals within a society or group.

Conventions

Established norms, rules, or practices that dictate certain behaviors or actions within a society or group.

Difference-equals-deficit

A biased belief that differences in cultural or individual characteristics are inherently inferior.

Hearing Impaired

A term used to describe individuals who have partial or total inability to hear; includes both those who are hard of hearing and those who are deaf.

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