When Technological Advances Are of the Capital-Using Kind, It Is

question 259

True/False

When technological advances are of the capital-using kind, it is possible for an economy to increase
its productivity without any net investment in capital goods.

Apply the perpetuity formula to calculate both the present value of perpetuity payments and the payments needed to achieve a certain rate of return.

Perform calculations for loan payments and interest under different terms and rates.

Understand the effects of inflation on investment withdrawals and calculate real withdrawal amounts.

Understand the relationship between human capital and productivity.