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(f) What is predicted long-run consequence of the floods for economic activity in Korea relative to the other countries? (Hint: solve for the steady-state level

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(f) What is predicted long-run consequence of the floods for economic activity in Korea relative to the other countries? (Hint: solve for the steady-state level of output per capita in Korea vs. the other countries. It should be the same. But does this mean that the floods have no economic costs?)

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