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1. Would the following events usually lead to capital deepening? Why or why not?

Published on January 2018 | Categories: Internet & Technology | Downloads: 57 | Comments: 0
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1. Would the following events usually lead to capital deepening? Why or why not? 1)A weak economy in which businesses become reluctant to make long-term investments in physical capital. 2)A rise in international trade 3)A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities. 2.An economy starts off with a GDP per capita of $5,000. How large will the GDP per capita be if it grows at an annual rate of 2% for 20 years? 2% for 40 years? 4% for 40 years? 6% for 40 years?

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1. Would the following events usually lead to capital deepening? Why or why not? 1)A weak economy in which businesses become reluctant to make long-term investments in physical capital. 2)A rise in international trade 3)A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities. 2.An economy starts off with a GDP per capita of $5,000. How large will the GDP per capita be if it grows at an annual rate of 2% for 20 years? 2% for 40 years? 4% for 40 years? 6% for 40 years?

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