In an end of chapter quiz, it was stated that all 3 are true based on the Y/K equation. I thought that Y/K was a constant?
- GDP is growing 2) GDP per capita is growing 3) The GDP to capital ratio (Y/K) is growing
In an end of chapter quiz, it was stated that all 3 are true based on the Y/K equation. I thought that Y/K was a constant?