Multiple Choice
When current saving and investment are just enough to equip new entrants into the labor force with the same amount of capital that the average person already in the work force uses, then
A) the economy is in a steady state
B) output per head is constant
C) capital per head is constant
D) capital is growing at the same rate as the population
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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