Answered: Since more capital allows more output…

Since more capital allows more output to be produced, it is always better for a country to have (and maintain) a higher capital stock. Comment

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter7: Economic Growth: Theory And Policy

Section: Chapter Questions

Problem 3DQ

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Since more capital allows more output to be produced, it is always better for a country to have
(and maintain) a higher capital stock. Comment

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