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Some countries have higher investment rates than others. Here, Davisville saves 20 percent of its output. Megalopolis saves 30 percent of its output. 1 1.
Some countries have higher investment rates than others. Here,
Davisville saves 20 percent of its output. Megalopolis saves 30 percent
of its output.
1 1. What is the steady state capital stock in each city?
2 2. What is the steady state output in each city?
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