If the capital-labour ratio equals 1.5 in the steady state,depreciation equals 20,and dilution equals 10,break-even investment equals
A) 15.
B) 20.
C) 30.
D) 45.
Correct Answer:
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Q34: The level of investment necessary to keep
Q35: Figure 8.1 Q36: The break-even investment line becomes steeper when Q37: When break-even investment is subtracted from investment Q38: If the saving rate decreases,break-even investment will Q40: As the capital-labour ratio increases,break-even investment Q41: The labour input in the production function Q42: Labour-augmenting technological change refers to improvements in Q43: A nation's growth rate will most likely Q44: The Solow growth model predicts that a
A) increases
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