Assume that the stock of capital increases

Reference no: EM13690346

Assume that the stock of capital ( K) increases by 6%. Holding all other factors constant, we know with certainty that which of the following will occur?

Select one:

a. output will increase by 6%

b. output per capita will increase by 6%

c. the capital-labour ratio will decrease

d. the capital-labour ratio will increase

e. output will increase by less than 6%

Reference no: EM13690346

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