Each of the following is a factor in the economy's balanced growth equilibrium except
A) the labor force growth rate.
B) the growth rate of the efficiency of capital.
C) the growth rate of the efficiency of labor.
D) the saving-investment rate.
Correct Answer:
Verified
Q47: The capital-output ratio is equal to
A) the
Q48: When there is no growth in the
Q49: If the saving rate is 16%, the
Q50: If the saving rate is 15%, the
Q51: If the current level of output in
Q53: Each of the following is a factor
Q54: Each of the following is a factor
Q55: In a steady-state balanced growth equilibrium,
A) the
Q56: If the labor force growth rate was
Q57: If the labor force growth rate was
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