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The rate of growth in the productivity of capital is one percent, the rate of growth of capital is two percent, the rate of growth of labor is one percent, and the rate of growth in the productivity of labor is three percent from this we know that

1. The rate of economic growth is seven percent

2. Per capita real GDP will double in 50 years.

3. The rate of economic growth will fall to four percent.

4. Per capita real gdp will increase by three percent per annum

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224386

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