Question: Suppose the saving rate were increased from 10 percent to 20 percent in a middle-income country such as Egypt. What prediction does the neoclassical growth

Suppose the saving rate were increased from 10 percent to 20 percent in a middle-income country such as Egypt. What prediction does the neoclassical growth model have for the effect this would have on per capita income in Egypt over the next 30 years? Illustrate the predicted effect with a graph?

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