Which of the Following Statements Does Not Describe the Steady

question 80

Multiple Choice

Which of the following statements does not describe the steady state of an economy, when technology is constant?

• A) Investment per worker is equal to the requirement (break-even) investment.
• B) Output per worker and consumption per worker are constant.
• C) The growth rate of the output per worker is zero.
• D) The capital per worker grows at a constant rate.

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Definitions:

Linkages

Connections or relationships between different factors, processes, or concepts that interact with or influence each other.

Normalisation

The process of adjusting financial or other measurable data to eliminate the effect of certain variables, making them comparable in a different context.

Competitive Benchmarking

A process where a company compares its products or services against those of its competitors to identify areas for improvement.

External Benchmarking

The process of comparing a company's performance, products, or processes against those of leading competitors or industry standards.