Predict the effect of each of the following events on the growth rate of productivity. a. The
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Predict the effect of each of the following events on the growth rate of productivity.
a. The amounts of physical and human capital per worker are unchanged, but there is significant technological progress.
b. The amount of physical capital per worker grows at a steady pace, but the level of human capital per worker and technology are unchanged.
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a Significant technological progress without changes in the amounts of physical and human capital pe...View the full answer
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