Question: True / False / Uncertain, 1 point is given for the correct answer, 4 points for your explanation. James Feyrer found that rich and poor

True / False / Uncertain, 1 point is given for the

correct answer, 4 points for your explanation.

James Feyrer found that rich and poor countries have similar aggregate marginal products of

capital. The Solow model cannot explain this but capital misallocation across firms within a

country can.

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