In Equilibrium, Rate of Growth of Capital in a Simple

question 57

Multiple Choice

In equilibrium, rate of growth of capital in a simple closed economy 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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Telephone

A communications device that allows two or more users to conduct a conversation when they are too far apart to be heard directly.

E-mail

A method of exchanging digital messages over the Internet between individuals or groups, providing a quick and efficient form of communication.

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Legal sanctions that may be imposed for committing a crime, which can include fines, imprisonment, or other forms of punishment.

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The illegal practice of not paying taxes by individuals, companies, and trusts, by means such as misrepresenting income to the tax authorities.