The economic growth of the United States over the last half-century ________.
A) is best understood as the result of high levels of saving and investment
B) is quite unlike the experience of most other economies
C) was driven by rising import purchases
D) has been faster than in any other economy
Correct Answer:
Verified
Q1: If depreciation is equal to investment _.
A)capital
Q2: In the past 50 years,per capita income
Q3: If an economy invests more than it
Q4: The loss of capital due to the
Q5: If depreciation is less than investment _.
A)capital
Q7: The per-worker production function is _.
A)upward-sloping
B)downward-sloping
C)vertical
D)horizontal
Q8: The positive slope of the per-worker production
Q9: Changes in the capital stock are caused
Q10: In a closed economy _.
A)investment equals consumption
B)investment
Q11: The per-worker production function flattens out due
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