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Unformatted text preview: time goes. Country B has higher investment rate (as you can see in [i]) and that higher investment rate leads to higher consumption rate in the future. In addition, Country B has higher growth in capital per worker. Thus, with higher capital per worker and higher investment rate, Country B has higher ability to consume more goods and services in the future....
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This note was uploaded on 08/09/2009 for the course ECON 101 taught by Professor Miyanishi during the Summer '08 term at UC Davis.
- Summer '08