If the stock of capital of a nation is ________ while the population ________, the nation can produce more output, but output per worker falls.

Question

Quizplus · Accepted Answer

If the stock of capital of a nation is fixed while the population increases, it means that the capital per worker would decrease, which would lead to lower productivity levels, Hence, output per worker falls. However, even with this decrease in productivity levels, the overall output of the nation would increase due to an increase in the number of workers.

If the Stock of Capital of a Nation Is ________