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For the physical capital stock of an economy to remain constant over time, the amount of investment ...

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For the physical capital stock of an economy to remain constant over time, the amount of investment ...

For the physical capital stock of an economy to remain constant over time, the amount of investment must ________.

▸ be less than the depreciated value of the physical capital stock

▸ be equal to the depreciated value of the physical capital stock times the saving rate of the economy

▸ be equal to the depreciated value of the physical capital stock

▸ exceed the depreciated value of the physical capital stock

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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