6. Many demographers predict that the United States will have zero population growth in the twentyfirst century,

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6. Many demographers predict that the United States will have zero population growth in the twentyfirst century, in contrast to average population growth of about 1 percent per year in the twentieth century. Use the Solow model to forecast the effect of this slowdown in population growth on the growth of total output and the growth of output per person. Consider the effects both in the steady state and in the transition between steady states.

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Macroeconomics

ISBN: 9780716752370

5th Edition

Authors: N. Gregory Mankiw

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