According to the solow model japan had a growth rate of, Ask an Expert

Economics

According to the Solow model, Japan had a __________ growth rate of output per capita than the U.S. during the 1960s and 1970s because ____________.

lower; U.S. baby boomers joined the workforce during that period.

higher / U.S. baby boomers joined the workforce during that period.

higher / Japan started out with a lower initial capita-labor ratio.

lower / Japan started out with a lower initial capital-labor ratio.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91706318

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