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Consider the economies of Blahnik and Tralfamadore both of which produce gobs of goo using only tools and workers

Consider the economies of Blahnik and Tralfamadore, both of which produce gobs of goo using only tools and workers. Suppose that, during the course of 10 years, the level of physical capital per worker rises by 5 tools per worker in each economy, but the size of each labor force remains the same.

Refer to the table below......

Apr 23 2020 View more View Less

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