The total amount of capital in the economy increases each year by that year's amount of
A) gross investment.
B) net investment.
C) GDP.
D) private saving.
E) government saving.
Correct Answer:
Verified
Q3: Diminishing returns to labor means that
A)the greater
Q4: Which of the following is true?
A)Economic growth
Q5: The flattening out of the production function
Q6: When capital is included in the production
Q7: Productivity is defined as
A)output per person.
B)output per
Q9: The rationale for developing a model in
Q10: As more capital is added per worker,
Q11: Diminishing returns to labor exists
A)in any economy.
B)only
Q12: Which of the following is true?
A)Growth in
Q13: Prior to 1800, productivity growth averaged
A)1 percent
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