Business
Business, 12.11.2019 23:31, Goodgirlkl12k

Economic growth i — end of chapter problem in the discussion of german and japanese postwar growth, the text describes what happens when part of the capital stock is destroyed in a war. by contrast, suppose that a war does not directly affect the capital stock but that casualties reduce the labor force. assume that the economy was in a steady state before the war, that the saving rate is unchanged, and that the rate of population growth is the same as before the war.

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