a. Germany and Japan after World War II. Much of the stock of capital in the economies of Japan and Germany was destroyed during World War II. Use the Solow model graph to show and explain why growth in these economies after the war was higher than that in the United States.
b. Faster Depreciation. Suppose a society switches to equipment that depreciates rapidly. Use the Solow model graph to show what will happen to the stock of capital and output if the rate of depreciation increases.
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