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Author Question: Which feature of the data can the Solow growth model not replicate? (Read 42 times)

EAugust

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Which feature of the data can the Solow growth model not replicate?
◦ An increase in the savings rate causes an increase in income per worker.
◦ In developed countries, there is steady growth in income per capita.
◦ The investment rate is positively related to the income per worker.
◦ The population growth rate is negatively related to the income per worker.
◦ There is a widening gap between income levels across countries.


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Marked as best answer by EAugust on Jan 2, 2020

JCABRERA33

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EAugust

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Reply 2 on: Jan 2, 2020
Excellent


Liddy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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