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4. (10 points) Consider the pair of countries, Thailand (T) and Bolivia 03). For this pair of countries, calculate the ratio of GDP per worker

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4. (10 points) Consider the pair of countries, Thailand (T) and Bolivia 03). For this pair of countries, calculate the ratio of GDP per worker in steady-state that is predicted by the Solow model, assuming that the countries have the same values of A and 6' and that the value of a: is 1/3. Then, calculate the actual ratio of GDP per worker for the pair of countries. Explain whether the Solow model does a good or bad job of predicting relative income for this pair? Country Investment Rate Output per Worker (average 1975-2009) in 2009 Thailand 35.2% $13 ,279 Bolivia 12.6% $8,202

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