Suppose the following situation exists for an economy: Kt+1/N = Kt/N. Given this information, we know with certainty that
A) the economy is operating at the golden rule equilibrium in period t.
B) saving per worker is less than depreciation per worker in period t.
C) saving per worker is greater than depreciation per worker in period t.
D) investment per worker equals depreciation per worker in period t.
D
Economics
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Indicate whether the statement is true or false
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Suppose a 25% off sale on post-holiday merchandise creates a 50% increase in post-holiday sales. The price elasticity of demand is:
A) 2.0. B) .75. C) .50. D) .25. E) none of the above.
Economics