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Which of the following are true of capital as a determinant of economic growth? Check all that apply. Technological advances allow more output from the same amount of capital. Increases in capital goods increase labour productivity. As consumption increases, capital formation also increases. Countries with higher investment rates tend to have higher growth rates.

Which of the following are true of capital as a determinant of economic growth? Check all that apply. Technological advances allow more output from the same amount of capital. Increases in capital goods increase labour productivity. As consumption increases, capital formation also increases. Countries with higher investment rates tend to have higher growth rates.

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section: Chapter Questions
Problem 3CQQ
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2. Economic growth determinants Which of the following are true of capital as a determinant of economic growth? Check all that apply. Technological advances allow more output from the same amount of capital. Increases in capital goods increase labour productivity. As consumption increases, capital formation also increases. Countries with higher investment rates tend to have higher growth rates.
Transcribed Image Text:2. Economic growth determinants Which of the following are true of capital as a determinant of economic growth? Check all that apply. Technological advances allow more output from the same amount of capital. Increases in capital goods increase labour productivity. As consumption increases, capital formation also increases. Countries with higher investment rates tend to have higher growth rates.
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