________ is gross investment minus ________

A) The capital stock; net investment
B) The capital stock; depreciation
C) Depreciation; replacement investment
D) Net investment; depreciation

D

Economics

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Suppose two countries are identical in every way with the following exception. Economy A has a higher saving rate than economy B. Given this information, we know with certainty that

A) steady state consumption in A is higher than in B. B) steady state consumption in A is lower than in B. C) steady state consumption in A and in B are equal. D) steady state growth of output per worker is higher in A than in B. E) none of the above

Economics