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Nigeria has a large population, abundant natural resources, low GDP and relatively little physical capital. -...

Nigeria has a large population, abundant natural resources, low GDP and relatively little physical capital.

- What does our economic growth model predict about economic growth in Nigeria? Clearly state any assumptions you are making. Your answer is not complete without a graph.

- Nigeria has not grown as quickly as some economists have predicted. List at least two reasons for Nigeria’s slower than expected growth. Explain how each would negatively affect growth in Nigeria.

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