Real GDP per person is $50,000 in Andromeda, $40,000 in Cosmos, $30,000 in Circinus, and $10,000 in Myall. Saving per pe
Posted: Wed Jul 06, 2022 6:17 pm
Real GDP per person is $50,000 in Andromeda, $40,000 in Cosmos, $30,000 in Circinus, and $10,000 in Myall. Saving per person is $4000 in all four countries. Other things equal, what would we expect? All four countries will grow at the same rate. Andromeda will grow the fastest. Cosmos will grow the fastest. Myall will grow the fastest.