One of the main determinants of real GDP per person is the growth of capital per person. Which of the following variables does not determine the growth of capital per person in the long run?
A) average saving rate
B) output-to-capital ratio
C) marginal tax rate on investment
D) depreciation rate
Correct Answer:
Verified
Q2: Which of the following countries has had
Q3: A growing government budget deficit and national
Q4: Net investment is
A)savings less replacement savings.
B)replacement investment.
C)investment
Q4: The growth rate in the autonomous factor
Q5: The level of capital per person would
Q7: In equilibrium, rate of growth of capital
Q17: When an equal percentage increase in the
Q19: The principle of compound interest insures that
A)a
Q24: Solow's theory of economic growth concludes,"the possibility
Q36: The application of Solow's growth theory to
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