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In a 2-country framework, Country A is twice as rich as Country B now. a) Assume both countries have identical technology and other fundamentals excepting

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In a 2-country framework, Country A is twice as rich as Country B now. a) Assume both countries have identical technology and other fundamentals excepting depreciation. Which country would you expect to have higher rate of depreciation and why? (1 mark) 1)) Draw a well labeled graph showing the difference in GDP per worker as a function of capital per worker as a result of difference in rate of depreciation. (2 marks) c) In a situation where both the countries have same exact fundamentals (excluding rate of depreciation) how will their growth rates compare in the short run and in the long run? Explain your answer. (2 marks) ANSW'ER SPACE

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