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Case Study: Growth Rules in a Famous Example, Yt = AK, 1/3L,213 . Applying rules of growth rates . Original output equation: Y, = AK1

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Case Study: Growth Rules in a Famous Example, Yt = AK, 1/3L,213 . Applying rules of growth rates . Original output equation: Y, = AK1 13L2/3 . Use multiplication rule to get . Use exponent rule to get FIGURE 3.9 U.S. Population, GDP, and Per Capita GDP Ratio scale

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