Which of the following are true of capital as a determinant of economic growth? Check all that apply. Capital investment decreases per capita real GDP. O Technological advances allow more output from the same amount of capital. As consumption increases, capital formation also increases. Countries with higher investment rates tend to have higher growth rates.

Which of the following are true of capital as a determinant of economic growth? Check all that apply. Capital investment decreases per capita real GDP. O Technological advances allow more output from the same amount of capital. As consumption increases, capital formation also increases. Countries with higher investment rates tend to have higher growth rates.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 3E

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Which of the following are true of capital as a determinant of economic growth? Check all that apply.
Capital investment decreases per capita real GDP.
Technological advances allow more output from the same amount of capital.
As consumption increases, capital formation also increases.
Countries with higher investment rates tend to have higher growth rates.

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