What is your experience in dealing with developed or developing
countries and how that maps into...
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General Management
What is your experience in dealing with developed or developingcountries and how that maps into what the balanced growth rate, theequation g Y = g A + ?g K + (1 ? ?)g L, and developing countriesgrowth rate.
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Answer The balanced growth equation g Y g A g K 1 g L The scale of technological change g A and the increase of the labor force g L are exogenous in the Solow model That is they are fixed outside of themodel The growth prices
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