If the current capital stock per person in South Korea is greater than the current capital stock per person in China and total factor productivity is the same in both countries, according to the Solow model: a. Both South Korea and China initially will grow at the same rate and have the same steady state b. China initially will grow faster than South Korea, but each will have the same steady state c.China initially will grow faster than South Korea and will have a higher steady state d. China initially will grow slower than South Korea, but each will have the same steady state е. China initially will grow faster than South Korea and will have a lower steady state
QUESTION 5 If the current capital stock per person in South Korea is greater than the current capital stock per person in China and total factor productivity is the same in both countries, according to the Solow model: a. Both South Korea and China initially will grow at the same rate and have the same steady state
b. China initially will grow faster than South Korea, but each will have the same steady state
c.China initially will grow faster than South Korea and will have a higher steady state
d. China initially will grow slower than South Korea, but each will have the same steady state
е. China initially will grow faster than South Korea and will have a lower steady state
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