If the Actual Capital-Labour Ratio Is Below the Steady-State Capital-Labour

question 61

Multiple Choice

If the actual capital-labour ratio is below the steady-state capital-labour ratio,growth from convergence will be ________,and the economy will grow ________ than it will along a balanced growth path.

• A) negative; slower
• B) negative; faster
• C) positive; slower
• D) positive; faster

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Definitions:

Eudicot

A major group of flowering plants that are characterized by having two seed leaves, or cotyledons, and a range of other structural features.

Monocot

Monocots, or monocotyledons, are a group of flowering plants characterized by having a single embryonic leaf (cotyledon), parallel leaf veins, and a fibrous root system.

Maturation

The process of becoming mature, involving the development and growth of an individual or organism to its full potential.

Woody Stem

A plant stem composed of wood, which contains lignin and cellulose, providing structural support and allowing perennial growth.