Question: 6. Consider the data below and the following: If 10% of all machines become worthless every year (they depreciate, in other words), then how many

 6. Consider the data below and the following: If 10% of

6. Consider the data below and the following: If 10% of all machines become worthless every year (they depreciate, in other words), then how many machines will become worthless in these three countries this year? (This question reminds you that "More machines mean more machines wearing out.") Country A: K= 500 machines; Country B: K=10,000 machines; Country C K = 1,000,000 machines 7. Based on what you've read and heard in class, draw ONE Solow production function, correctly locating where Haiti and France sit. Then, using rise over run," show which country is likely to experience a greater "catch up" effect when adding an extra unit of K

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