What is the difference between growth and development? Can growth occur without development? Can development occur without growth? (. Can money buy happiness? (

(Figure: Nations A and B) Use Figure: Nations A and B. Suppose that, in 1960, each nation had S100 of physical capital per worker and that, in 2018, cach nation had $400 of physical capital per worker. Compute the growth rate of real GDP per capita for both nations. Real GDP per capita 5000 3000 2000 1000 100 400 Physical capital per worker

38. Suppose there are two countries that are identical in every way with the following exception. The saving rate in country A is greater than the saving rate in country B. Given this information, we know that in the long run: a. more information is needed to answer this question b. the growth rate of output per capita will be the same in the two countries c. the growth rate of output per capita will be greater in A than in B d. the growth rate of output per capita will be greater in B than in A QUESTION 39 39. In the long-run steady state, which of the following is affected by an economy's rate of saving? a. output per worker. b. capital per worker. c. the level of investment d. all of the above.