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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
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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