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Finding the  two possible fiscal policy solutions for the problem.

 

 

The Solow model and relative country Performance: Comprise the real world data for South Korea and South Africa for the year 2000. Capital/Worker (K/N) and GDP/Worker (Y?N)  are expressed in 2000 dollars

 

 

Pop. Growth

Savings Rate

Capital/Worker

GDP/Worker

 

n

s

k

y

SK

.0106

.325

91495

33202

SA

.01675

.1796

22704

20315

 

Compare the relative GDP/Worker of South Korea to South Africa (ysk/ysa). Who is richer? How many times?

 

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M920840

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