Examlex
Which of the following would a macroeconomist classify as capital?
Interest Rates
The percentage charged by a lender to a borrower for the use of assets, usually expressed as an annual percentage of the principal loan amount.
Hotelling Rule
An economic theory that addresses how the price of non-renewable resources should increase over time under conditions of efficient extraction and market equilibrium.
Marginal Extraction Cost
The additional cost associated with extracting one more unit of a resource.
Treasury Bill
A short-term government security issued at a discount from the par value and pays no interest, maturing in a year or less.
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