The per-person production function in Chapter 10 assumes that a one percent rise in (K/N) causes a ________ rise in (Y/N) ,and so it is diagrammed as a ________ line.
A) less-than-one-percent,downward-curling
B) less-than-one-percent,upward-curling
C) one percent,upward-curling
D) one percent,downward-curling
E) more-than-one-percent,straight
Correct Answer:
Verified
Q4: Net investment is
A)savings less replacement savings.
B)replacement investment.
C)investment
Q5: The level of capital per person would
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Q7: The growth rate in the autonomous factor
Q8: The general form of the production function
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Q11: In equilibrium,rate of growth of capital in
Q12: The one determinant of the growth of
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Q14: Probably the best measure of a country's
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