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1. Which country is at a steady state 2. What would happen in the country which is NOT in the steady state (List the change
1. Which country is at a steady state
2. What would happen in the country which is NOT in the steady state (List the change in the key variables)
3. What is the key difference between the two countries?
4. Which country can potentially enjoy a better standard of living?
5. What must the other country do or change to converge (catch up)?
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