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Business, 27.04.2021 15:20 marc2007

Suppose an economy begins in steady state. By what proportion does per capita GDP changes in the long run in response to each of the following changes. a) Investment rate doubles b) Depreciation rate falls by 10% c) Productivity rises by 10% d) An earthquake destroys 75% of the capital stock e) A more generous immigration policy leads to population to double

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Suppose an economy begins in steady state. By what proportion does per capita GDP changes in the lon...
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