If there are 120 machines in an economy and the depreciation rate is 5% per year, then:
A) depreciation is 5 machines a year.
B) depreciation is 6 machines a year.
C) depreciation is 115 machines per year.
D) depreciation is 114 machines per year.
Correct Answer:
Verified
Q23: The average product of capital is:
A)
Q24: Depreciation of the capital stock occurs due
Q25: In a closed economy with no government
Q26: The growth accounting formula is:
A) 
Q27: In a closed economy with no government
Q29: If a country has a population of
Q30: The labour force participation rate is:
A)the labour
Q31: Depreciation of the capital stock occurs due
Q32: Growth accounting shows that economic growth depends
Q33: Growth accounting shows that GDP growth depends
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