Question

3. The amount of education a person receives varies substantially among countries. Suppose you were to compare a country with

b. Are the steady-state levels of income per worker (y*) in both countries the same? Use your answer in part (a) to algebraic

c. Are the steady-state growth rates of income per effective worker (growth y*), of income per worker (growth y*) and of tota

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    Answer #1

    Ansioes 3) Tre aou eceives vosies A country with highly eluated tabous osce Compesud ith a Ccunty ith a le ss edlucuted labouAc saving ate , depteciation hate pulation outh Sate and technoloi cal pogets Prate seume i the to Countyie Eut , accidin to

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