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Quiz
· Growth, Capital Accumulation, and the Economics of Ideas
· 6 of 21
Principles of Macroeconomics
Knowledge Check
Question 1 of 4
For the next two questions, consider the following: Country A has K=10,000 and produces GDP according to the following equation: Y = 5√K. If the country devotes 25% of its GDP to making investment goods, how much is the country saving?
a.
12.5
b.
25
c.
125
d.
1,250
e.
Can not be determined with the given information.
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