The opportunity cost of additional growth is that someone must forgo current consumption.
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Q2: An increase in capital should cause the
Q3: If the capital stock increases faster than
Q4: Per capita real GDP differs from per
Q5: Poor countries are poor for all of
Q6: For a given level of technology, we
Q8: The rate of economic growth is probably
Q9: If a production function exhibits constant returns
Q10: The only factor of production that is
Q11: Most economists believe that inward-oriented policies that
Q12: The United Kingdom should grow faster than
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