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On 6 February 2023, both Turkey and Syria got hit by a 6.4 magnitude earthquake, causing substantial damage. Assume both countries operate on the same
On 6 February 2023, both Turkey and Syria got hit by a 6.4 magnitude earthquake, causing substantial damage. Assume both countries operate on the same production function as depicted in Figure 4 and have similar depreciation and investment rates. Figure 4 also depicts the capital per capita levels in January 2023 in both Syria and Turkey
Figure 4: Capital and income per capita in Syria and Turkey GDP per capita (V) production function depreciation function investment function Capital per capita () Syria K Jan 2023 Turkey Jan 2023 Still assume we are in January 2023 (pre-earthquake).\fK K Syria 2028+ Product funds K Turkey 2027 k turkey - - 2023 K Syria Depreciation investment function 2023 2024 2025 2026 2027 2028 TimeStep by Step Solution
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