Homework Chap. 9 - Macroeconomics Homework Chap-9 1 All...

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Macroeconomics Homework Chap-9 1) All else equal, a nation that has a high rate of _____ will have a high rate of _____ and therefore a high growth rate of _____ capital.
2) The fundamental argument in the Essay on the Principle of Population was that improvements in technology or increases in physical capital would lead to only temporary improvements in productivity because they would always be offset by:
3) U.S. real GDP per capita in 2010 was _____ as much per person as in 1900.
4) Scenario: Growth Rates: Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year. Real GDP per capita of China is $4,000, and its annual growth rate is 7%. Look at the scenario Growth Rates. According to the rule of 70, how large will China's real GDP per capita be in 20 years?

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