The amount of physical capital in an economy is calculated by adding up the value of all:
A) tools, equipment, and structures.
B) skills and expertise of employed people.
C) money held by firms.
D) technological capabilities used in production.
Correct Answer:
Verified
Q17: In a given year, suppose the nominal
Q18: Real income per person stayed relatively steady:
A)
Q19: Economic growth means:
A) more goods and services
Q20: Total changes in GDP over time are:
A)
Q21: Suppose that a country has a GDP
Q23: Suppose that a country has a nominal
Q24: Which of the following is an example
Q25: We can tell how much physical capital
Q26: Productivity is generally measured as:
A) output per
Q27: The productivity of workers can depend upon
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