36. Suppose the following situation exists for an economy characterized by: Kt+1/N < Kt/N. Given this information, we know that A) consumption per worker will tend to fall as the economy adjusts to this situation. saving per worker is greater than depreciation per worker in period t. C) saving per worker equals depreciation per worker in period t. D) none of the above
36. Suppose the following situation exists for an economy characterized by: Kt+1/N < Kt/N. Given this information, we know that A) consumption per worker will tend to fall as the economy adjusts to this situation. saving per worker is greater than depreciation per worker in period t. C) saving per worker equals depreciation per worker in period t. D) none of the above
Chapter2: Production Possibilities Frontier Framework
Section: Chapter Questions
Problem 11QP
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