Provide intuitive economic to explain why equal percentage increase in savings rates and population growth rate appears to nullify each other in the equation y*= 1000( √s/n) ( where per capita income is unchanged)

Provide intuitive economic to explain why equal percentage increase in savings rates and population growth rate appears to nullify each other in the equation y*= 1000( √s/n) ( where per capita income is unchanged)

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter21: Economic Development

Section: Chapter Questions

Problem 1.1P

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