Across rich and very poor economies, differences in capital per worker explain 80 percent of differences in
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Question:
Across rich and very poor economies, differences in capital per worker explain
80 percent of differences in output per work
90 percent of differences in output per worker
100 percent of differences in output per worker
75 of differences
None of the above
Assume that TFP growth is zero. If capital per worker is falling,
the economy is above its steady state and growth of output is positive.
the economy is above its steady state and growth of output is negative
the economy is below its steady state and growth of output is positive.
the economy is below its steady state and growth of output is negative.
None of the above
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