Which of the following is most likely if there is a war that destroys a country's stock of capital to a level below the steady state equilibrium?
A) The GDP will be equal to the steady-state equilibrium level of GDP.
B) The investment in capital will suffice to replenish the depreciating capital.
C) The GDP will be more than the steady-state equilibrium level of GDP.
D) The investment in capital will be lower than the amount required to replenish the depreciating capital.
Question 2
Institutions that channel funds from suppliers of financial capital to users of financial capital are referred to as:
A) deposit insurance committees. B) financial intermediaries.
C) central banks. D) mutual funds.
This engraving by William Russell Birch shows Congress Hall (left), which was occupied by Congress f
David P. Bradley (White Earth Oijbwe, and Mdewakaton Dakota), Indian Country Today.
Country of Birth of Authorized U.S. Immigrants
Steady State in the Two-Country Model
GDP and Capital per Worker, 2009
The price of rice in a small country is currently $6 per pound. In order to help low-income ...