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Refer to the figure above.

Consider two economies that are identical in every way (including the number of workers, human capital per worker, and technology) except that Country X has more physical capital.

Answer :

The figure you referred to is not provided in your question. However, based on the information given, if two economies are identical in every way except that country X has more physical capital, we can expect several outcomes.



1. Increased production: With more physical capital, country X can produce more goods and services compared to the other economy.

2. Higher economic growth: The availability of more physical capital in country X can lead to higher economic growth in the long run.

3. Enhanced competitiveness: Country X may have a competitive advantage over the other economy due to its higher physical capital.

4. Improved living standards: With increased production and economic growth, country X can potentially experience improvements in living standards.

5. Technological advancements: Having more physical capital can also contribute to technological advancements in country X.

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