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20. Two countries (X and Y) are identical, except that Country X has a HIGHER savings rate compared to Country Y. According to the Solow
20. Two countries (X and Y) are identical, except that Country X has a HIGHER savings rate compared to Country Y. According to the Solow model, in terms of real income per person, compared to Y: a. Country X will be poorer but it will grow at a faster rate in the long run Country X will be poorer and it will grow at a slower rate in the long run Country X will be richer and it will grow at a faster rate in the long run Country X will be richer but it will grow at a slower rate in the long run Country X will be richer but it will grow at the same rate in the long run None of the above rhonpcr
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