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11-11-2022
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over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita greater than that of the United States. Some examples are China, Japan, South Korea, and Taiwan. Does this mean that the US is regressing (getting poorer) relative to other countries? Does this mean these countries will necessarily overtake the US in terms of the growth rate of real GDP per capita? Why or why not?

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