In a closed economy ________.
A) investment equals consumption
B) investment equals savings
C) saving equals consumption
D) exports are greater than imports
Correct Answer:
Verified
Q5: If depreciation is less than investment _.
A)capital
Q6: The economic growth of the United States
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
Q11: The per-worker production function flattens out due
Q12: In the Solow model,which of the following
Q13: If capital per-worker is rising,then _.
A)depreciation is
Q14: In the bathtub analogy,which of the following
Q15: The Solow model is _.
A)the basic model
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