27) The investment required to maintain steady state growth is impossible to ach

Question

27)

The investment required to maintain steady state growth

is impossible to achieve since capital for new workers requires continuous increases in s, the per capita savings ratio.

must equip new workers with capital equal to that employed by existing workers.

must replace "worn out" capital.

B and C.

is impossible to achieve since capital for new workers requires continuous increases in s, the per capita savings ratio.

must equip new workers with capital equal to that employed by existing workers.

must replace "worn out" capital.

B and C.

Explanation / Answer

The investment required to maintain steady state growth....

must equip new workers with capital equal to that employed by existing workers and must replace "worn out" capital. So B & C

must equip new workers with capital equal to that employed by existing workers and must replace "worn out" capital. So B & C

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