In the steady state, gross investment is less than capital depreciation.

Name: In the steady state, gross investment is less than capital depreciation.
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In the steady state, gross investment is equal to capital depreciation. This is because the economy has reached a point where the amount of capital being produced (gross investment) is just enough to replace the amount of capital that is being used up or becoming obsolete (capital depreciation).

In the Steady State, Gross Investment Is Less Than Capital