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Suppose that we are comparing two countries that are similar in every respect except the education of their population. In country 1, adults have 10 years of education. In country 2, alladults have 4 years of education. Use intuitions from the Solow Model to answer the followingquestions.

(i) How will the income levels differ between them?

(ii) How will the income growth rates differ between them?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91422654

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