In the steady state, assuming that a constant share of the population is working,
A) both real GDP per worker and real GDP per capita will grow at the same rate.
B) real GDP per worker will grow at a faster rate than real GDP per capita.
C) real GDP per capita will grow at a faster rate than real GDP per worker.
D) both real GDP per worker and real GDP per capita will remain constant.
A
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A curve is plotted with y measured on the vertical axis and x measured on the horizontal axis. The slope of the curve equals
A) y divided by x. B) the change in y divided by x. C) the change in y divided by the change in x. D) y divided by the change in x.
Dead capital refers to
A) a capital resource that lacks clear title ownership. B) a capital resource whose owner is deceased. C) a capital resource jointly owned by more than one person. D) a capital resource that has no more useful life.