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Predicting steady states and growth rates. Consider the data in the table below a) Assuming that there are no differences in TFP (ignore the last
Predicting steady states and growth rates. Consider the data in the table below
a) Assuming that there are no differences in TFP (ignore the last column for now) or the rate of depreciation across countries, use the data in the table to predict the ratio of per capita GDP in each country relative to that in the United States.
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