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China is much more different from the US today than France ever was. Not only is its initial capital stock ( K 0) much lower,
China is much more different from the US today than France ever was. Not only is its initial capital stock (K0) much lower, but there are many other important differences as will be discussed below.
For this question, we're going to adapt our model to examine differences between the US and China. We need to adapt the spreadsheet (or make a copy) so that "France" is now labeled "China" everywhere.
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