Today, jennifer earns $55000 at her first job. her mom used to make $15,000 at her first job in 1975. jennifer is of the opinion
1 answer:
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Answer:
Option (d) is correct.
Explanation:
Given that,
Capital stock = 900 units
Saves 20% of its output
Depreciation rate = 10%
Production function, Y =
= (900)^{\frac{1}{2}}
= 30 units
Therefore, the savings is as follows,
= 20% of output
= 0.2 × 30 units
= 6 units
Hence, the savings is equal to the investment for this small economy or country.
Investment = 6 units