Question: According to the Solow model, technology and efficiency are the most important determinant of an economy's growth rate. The United States had better technology and
According to the Solow model, technology and efficiency are the most important determinant of an economy's growth rate. The United States had better technology and high productive efficiency than China between 2000 and 2010. But why did the Chinese economy grow faster than the U.S. in those years? Type verbal answer into the text box below, and draw a diagram on paper to support this answer.
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