Capital deepening occurs when
A) the per capita income increases over time.
B) real GNP increases over time.
C) the capital/labor ratio does not change.
D) the capital/labor ratio increases over time.
Correct Answer:
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Q2: The fact that long-run growth in the
Q3: Which of the following statements is (are)correct?
Q4: Between 1929 and 1982,according to Edward Denison,approximately
A)one-fourth
Q5: Reconsider question #5.Would you get the same
Q6: In the neoclassical model,explain the difference between
Q8: Consider two countries that are exactly the
Q9: Recent research in growth theory extends the
Q10: In the neoclassical growth model,n increase in
Q11: Would you get the same answer in
Q12: According to Edward Denison's estimates,the largest proportion
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