Country A's real GDP per capita is given by &y=8k and has a capital per capita.k = 22,500. Suppose the country devotes30% of its real GDP per capita to making investment goods.(a) How much is the country's investment per capita?(b) In addition, if 1.5% of the capital depreciates every year, is Country A's real GDP per capita increasing, decreasing, or remaining unchanged?

Country A's real GDP per capita is given by &y=8k and has a capital per capita.k = 22,500. Suppose the country devotes30% of its real GDP per capita to making investment goods.(a) How much is the country's investment per capita?(b) In addition, if 1.5% of the capital depreciates every year, is Country A's real GDP per capita increasing, decreasing, or remaining unchanged?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for only answer part d.
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