By definition,the capital stock of a country is expanding if
A) gross fixed capital formation is positive
B) depreciation is positive
C) the marginal product of capital is positive
D) net investment is positive
E) the steady state has been achieved
Correct Answer:
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Q3: The best long run growth strategy for
Q4: A steady state may be defined as
A)
Q5: When interest rates rise,
A) investment increases
B) investment
Q6: The diminishing marginal product of capital implies
A)
Q7: Interest rates are most often determined by
A)
Q9: With few exceptions,the most important element of
Q10: For the economy as a whole,the relationship
Q11: The difference between "gross" and "net" in
Q12: Long run increases in an economy's output,achieved
Q13: Depreciation in the national income accounts
A) allows
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