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state 1 had a GDP per capita of 71000 and state 2 had a GDP per capita of 35000. Over the past decade, state 1's
state 1 had a GDP per capita of 71000 and state 2 had a GDP per capita of 35000. Over the past decade, state 1's GDP per capita growth rate of real estate is 2% per year while state 2 avg a growth rate of 0% per year. Assuming long-run and full-employment model, why did this happen? Explain.
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