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Graph of the day


Source: Economic Growth, 2ed – David N. Weil 

Steven E. Landsburg’s comment:

…the overall picture is clear: More capital per worker means more output per worker, and more output per worker means more income per worker. This relationship — in fact, the nearly linear relationship that you see on the graph — is just what standard economic theory predicts. It’s nice to see that prediction so powerfully confirmed.

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