What would you predict for the given variables

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Reference no: EM132207655

Question: The amount of education the typical receives varies substantially among c Suppose you were to compare a coun highly educated labor force and a coun a less educated labor force. Assume that tion affects only the level of the efficis labor. Also assume that the countries are other- wise the same: they have the same savin the same depreciation rate, the same population growth rate, and the same rate of technological progress. Both countries are described by the Solow model and are in their steady states. What would you predict for the following variables?

a. The rate of growth of total income

b. The level of income per worker try with a try with ciency of

c. The real rental price of capital

d. The real wage

Reference no: EM132207655

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