In the Steady State with No Population Growth or Technological

question 70

Multiple Choice

In the steady state with no population growth or technological change, the 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:

Two-tailed Test

A statistical test that considers both directions of an effect, testing the possibility of relationships in both positive and negative directions.

Significant

Denoting a result in statistical analysis that is likely not due to chance, thereby indicating a meaningful difference or correlation.

Z-statistic

A statistic used in hypothesis testing, calculated as the difference between a sample statistic and its hypothesized population parameter, divided by the standard error.

Critical Value

A limit in hypothesis testing that establishes the criteria for dismissing the null hypothesis.