Unformatted text preview: percent growth rate of average annual income per person, while the United States had only a 2 percent growth rate. If the saving rates were the same, why were the growth rates so different? 4. In addition to investment in physical and human capital, what other public policies might a country adopt to increase productivity? 5. Compare and contrast the population theories of Malthus and Kremer....
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- Spring '07
- Capital accumulation, Chap12hw Short Answer