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8. Which of the following events will cause an increase in output per capita (Y/N)?
a. an increase in K
b. an increase in K/N
c. a reduction in K
d. all of the above
e. both of the first two answers above
9. Suppose there are two countries that are identical with the following exception. The saving rate in country A is less than the saving rate in country b. Given this information, we know that in the long run:
a. the growth rate of output per capita will be greater in B than in A.
b. the growth rate of output per capita will be greater in A than in B.
c. output per capita will be greater in B than in A
d. output per capita will be greater in A than in B
e. none of the above
Attachment:- 326680_1_quiz-3.docx
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