Answer and Explanation:
Different things being constant, a slowdown in population growth will lead to an increase in the availability of capital per worker and output per worker.
At the steady state, output per worker will grow at the rate of g while. Thus, steady state per person output growth will be same, however total output will increase at the rate n+g.
In case of transition between steady states, during the transition phase, output per worker will grow at a rate greater than g. Overtime in the long run with a fall in population growth, total output will fall while output per worker will increase.
The correct answer is option c)
The first step that an investor should take before beginning to invest should be to establish investment objectives.
Answer: c. Grave first
Explanation:
In dissolving a limited partnership business all creditors are paid first.
