Multiple Choice
The rate at which the capital stock declines due to either capital goods becoming worn out by use or becoming obsolete is called the
A) amortization rate.
B) terminal rate.
C) depreciation rate.
D) steady state rate.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Balanced growth occurs when<br>A) the economy is
Q17: When break-even investment is subtracted from investment
Q18: What effect would each of the following
Q19: In the two-sector growth models,the size of
Q20: If the saving rate increases,break-even investment will
Q22: The AK growth model indicates that countries
Q23: Over half of the increase in labour
Q24: Assume the capital-labour ratio remains constant.If investment
Q25: If the actual capital-labour ratio is above
Q26: What is the difference between real GDP