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The countries of Westland and Eastland are identical (including having the same saving rates, population growth rates, and technology growth rate). Eastland's capital per worker
The countries of Westland and Eastland are identical (including having the same saving rates, population growth rates, and technology growth rate). Eastland's capital per worker is equal to its steady state level, however Westland has a smaller capital stock. According to the Solow model, discuss what we should expect for the capital per worker ratio in the steady state in the two economies and compare the current growth rate of capital per worker. Explain carefully.
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