In a hypothetical economy, real GDP is $10 trillion, investment is $2 trillion, the capital stock is $20 trillion, the depreciation rate is 4.5% and the labor supply growth rate is 1%. Which statement is correct? Capital per worker is increasing in this economy Aggregate demand is decreasing in this economy Aggregate demand is increasing in this economy Capital per worker is decreasing in this economy
In a hypothetical economy, real GDP is $10 trillion, investment is $2 trillion, the capital stock is $20 trillion, the depreciation rate is 4.5% and the labor supply growth rate is 1%. Which statement is correct? Capital per worker is increasing in this economy Aggregate demand is decreasing in this economy Aggregate demand is increasing in this economy Capital per worker is decreasing in this economy
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In a hypothetical economy, real
Capital per worker is increasing in this economy
Aggregate
Aggregate demand is increasing in this economy
Capital per worker is decreasing in this economy
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