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If Each Unit of Capital Lasts an Average of 25

Question 9

Multiple Choice

If each unit of capital lasts an average of 25 years,then for an economy with a capital stock worth 5 times the annual GDP,approximately what percentage of output must be set aside to replace depreciation?


A) 5%
B) 10%
C) 20%
D) 25%
E) 30%

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