For over 25 years, China has experienced growth rates averaging 7% or more each year. According to research by economists, this "miracle" rapid growth occurred because of increases in capital and labor, not increases in technology. In the context of the Solow model, discuss what these findings imply about China's expected growth for the future.

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The Answer of For over 25 years, China has experienced growth rates averaging 7% or more each year. According to research by economists, this "miracle" rapid growth occurred because of increases in capital and labor, not increases in technology. In the context of the Solow model, discuss what these findings imply about China's expected growth for the future.

For Over 25 Years, China Has Experienced Growth Rates Averaging