A McDonald's franchise is an example of

Governments run a balanced budget when

A) their debt is interest-free. B) transfer payments equal zero. C) revenues equal spending. D) revenues exceed spending.

Assume that an economy experiences both positive population growth and technological progress. Once the economy has achieved balanced growth, we know that growth rate of K/NA is

A) gA gN. B) gA + gN. C) 0. D) gA. E) none of the above