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Convert the Cobb-Douglas Production

Question 103

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Convert the Cobb-Douglas production Convert the Cobb-Douglas production into per capita terms. Why might we be more concerned about per capita output rather than total output when discussing the welfare impacts of economic growth?
into per capita terms. Why might we be more concerned about per capita output rather than total output when discussing the welfare impacts of economic growth?

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We begin by dividing both sides of the e...

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