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Question 1 (0.25 points) Maxistan GDP is growing at an average of 15% per year while Ministan is experiencing average growth rate of 5% per
Question 1 (0.25 points) Maxistan GDP is growing at an average of 15% per year while Ministan is experiencing average growth rate of 5% per year. Assuming that populations in both countries are growing at the same rate, which of the following are true? * Maxistan currently has a very low stock of capital while Ministan's capital stock is large * The capital stock of Ministan is depreciating at a faster rate than that of Maxistan *Maxistan is making improvements to its primary education system while *Ministan already has a well-established primary school system *Maxistan has a larger increase in total factor productivity than Ministan Explain your choice
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