=+2. Output in the economy of Erewhon has grown 3% per year over the past 30 years.

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=+2. Output in the economy of Erewhon has grown 3% per year over the past 30 years. The labor force has grown at 1% per year, and the quantity of physical capital has grown at 4%

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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