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April 20, 2014

Homework Help: Economics

Posted by joey on Wednesday, June 9, 2010 at 4:55pm.

A nations capital goods wear out over time, so a portion of it's 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 resources productivity have remained unchanged during the past year. Will the nation's economic growth rate for the current year be negative, zero, or positive?

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