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A? nation's capital goods wear out over? time, so a portion of its capital goods become unusable every year. Last? year, its residents decided to produce no capital goods. It has experienced no growth in its population or in the amounts of other productive resources during the past year. In? addition, the? nation's technology and resource productivity have remained unchanged during the past year.
The? nation's economic growth rate for the current year will be- positive, negative or zero
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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