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For this question assume that technological progress does not occur. The rate of saving in Canada has generally been greater than the saving rate in the U.S. Given this information, we know that in the long run   A) Canada's growth rate will be greater than the U.S. growth rate.   B) capital per worker in Canada will be no different than U.S. capital per worker.   C) investment per worker in Canada will be no different than U.S. investment per worker.   D) all of these   E) none of these

For this question assume that technological progress does not occur. The rate of saving in Canada has generally been greater than the saving rate in the U.S. Given this information, we know that in the long run   A) Canada's growth rate will be greater than the U.S. growth rate.   B) capital per worker in Canada will be no different than U.S. capital per worker.   C) investment per worker in Canada will be no different than U.S. investment per worker.   D) all of these   E) none of these

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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For this question assume that technological progress does not occur. The rate of saving in Canada has generally been greater than the saving rate in the U.S. Given this information, we know that in the long run

 

A) Canada's growth rate will be greater than the U.S. growth rate.

 

B) capital per worker in Canada will be no different than U.S. capital per worker.

 

C) investment per worker in Canada will be no different than U.S. investment per worker.

 

D) all of these

 

E) none of these

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