Scenario: Kenya's economy is in steady-state equilibrium. It has capital stock valued at $48 billion and GDP valued at $60 billion.
-Refer to the scenario above.If the saving rate in Kenya is 10 percent,what is the value of aggregate investment in Kenya?
A) $1.2 billion
B) $4.8 billion
C) $6 billion
D) $10.8 billion
Correct Answer:
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