In the Steady State,the Per-Capita Capital Stock Does Not Change

question 6

Multiple Choice

In the steady state,the per-capita capital stock does not change because investment equals:

• A) output per worker.
• B) the marginal product of capital.
• C) depreciation.
• D) consumption.

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Definitions:

Beneficiary Payment

A payment made to a person or entity designated to receive benefits from a contract, such as insurance policy or a will.

Surrender

A mutual agreement between a landlord and a tenant in which the lessee returns his or her interest in the premises to the landlord.

Landlord

The owner of a property being leased. Also called lessor.

Tenant

A person who assumes the temporary legal right to possess property. Also called lessee.