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Level of technology in country a relative to country b

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Reference no: EM132037227

The level of productivity in Country A, relative to Country B, is 0.5. Country A lags behind Country B technologically by 20 years, and the growth rate of technology is 1% per year.

a. What is the level of technology in country A relative to country B?

b. What is the level of efficiency in Country A relative to Country B?

Reference no: EM132037227

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