Solved

Assume the Capital-Labour Ratio Remains Constant

Question 17

Multiple Choice

Assume the capital-labour ratio remains constant.If investment increases at a constant rate,real GDP per worker will increase ________,and if total factor productivity increases at a constant rate,real GDP per worker will increase ________.


A) at an increasing rate; at an increasing rate
B) at a constant rate; at an increasing rate
C) at a constant rate; at a decreasing rate
D) at a decreasing rate; at a constant rate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents