What was the percentage of GDP that was expended, in total, on health care?

The Golden Rule capital—labor ratio is the level of the capital—labor ratio that, in the steady state,

A) maximizes output per worker. B) maximizes investment per worker. C) maximizes consumption per worker. D) maximizes capital per worker.

A perfectly competitive firm faces a perfectly elastic demand curve

a. True b. False Indicate whether the statement is true or false