A. Consider three economies, each of which has GDP per capita of $100. Trend growth in these economies is 2%, 2.5% and 5

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answerhappygod
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A. Consider three economies, each of which has GDP per capita of $100. Trend growth in these economies is 2%, 2.5% and 5

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A. Consider three economies, each of which has GDP per capita of$100. Trend growth in these economies is 2%, 2.5% and 5%respectively. Calculate GDP per capita for each economy after 5,10, 20, 50 and 100 years
B. The United States is one of the richest nations in the worldand benefits from high levels of TFP. What features of US societydo you think can explain this?
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