Multiple Choice
Currently a country has real GDP per person of 500.Raising capital per worker by one would increase output per worker by 4.Other things the same,which of the following long-run combinations are consistent with the effects of this country increasing its saving rate?
A) real GDP per person is 520 and raising capital per worker by one would increase output per worker by 3
B) real GDP per person is 520 and raising capital per worker by one would increase output per worker by 5
C) real GDP per person is 480 and raising capital per worker by one would increase output per worker by 3
D) real GDP per person is 480 and raising capital per worker by one would increase output per worker by 5
Correct Answer:
Verified
Correct Answer:
Verified
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