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Suppose that two countries are exactly alike in every respect except that population grows at a faster rate in country A than in country B.
Suppose that two countries are exactly alike in every respect except that population grows at a faster rate in country A than in country B.
a.
Which country will have the higher level of output per worker in the steady state?Please explain.
b.
Will country A have a faster rate of growth of output per worker in the steady state than country B?Please explain.
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