In Equilibrium,rate of Growth of Capital in a Simple Closed

question 40

Multiple Choice

In equilibrium,rate of growth of capital in a simple closed economy (i.e. ,x = 0) is determined primarily by

• A)the growth rate of savings.
• B)the level of saving less expenditures for replacement capital.
• C)per capita well-being.
• D)the growth rate of replacement capital.

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Definitions:

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Nucleus

A membrane-bound organelle found in eukaryotic cells that contains most of the cell's genetic material.

Cardiac Muscle

Specialized, involuntary muscle tissue found only in the heart, responsible for pumping blood throughout the body.

Smooth Muscle

A type of muscle found in the walls of internal organs, such as the stomach and intestines, that contracts involuntarily.