Growth will be balanced if and only if
A) the ratio of the economy's stock of capital K to its amount of labor L is constant.
B) the ratio of the rate of growth of the efficiency of the labor force to the depreciation rate of capital is constant.
C) the ratio of the economy's stock of capital K to its level of output Y is constant.
D) the ratio of the savings rate to the investment rate is constant.
Correct Answer:
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Q52: In the production function, the variable E
Q53: In the balanced growth equation, s represents
A)
Q54: In the balanced growth equation, n represents
A)
Q55: In the balanced growth equation, g represents
A)
Q56: In the balanced growth equation, represents
A) the
Q58: The ratio of the economy's stock of
Q59: Which of the following is one of
Q60: Which of the following is one of
Q61: Output per unit of labor (Y/L) will
Q62: Output per unit of labor (Y/L) will
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