Answer:
B) the same level of output per person as before.
Explanation:
In the Solow growth model, the economy reaches a steady state level of capital regardless of the starting level of capital. This steady state occurs when capital per worker is constant. Therefore after the war, the level of output should return to its normal level since the savings rate is constant and hasn't changed. This model assumes that a constant fraction of capital will always wear out, increasing the capital-labor ratio, therefore the population must grow or new technologies must be introduced to reach the steady state.
sole proprietor<span> and his business are a singular entity; his name is the business' legal name. He controls all aspects, assuming all the rewards, but also all the risks. It is an entity with obvious advantages, like creative freedom and making your own schedule, but it also has its </span>challenges<span>.</span>
Answer:
Dr. Depreciation Expense Account $8,200
Cr. Accumulated Depreciation $8,200
Explanation:
Depreciation is the expense that is charged from the fixed assets to the revenue. All the depreciation of the fixed asset are accumulated in a account of accumulated depreciation, which is contra asset account. the assets are reported on the balance sheet net of accumulated depreciation.
Answer:
Eight(8) percent
Explanation:
Base on the scenario been described in the question, the fed will need to the supply of money by eight (8) percent in to achieve their target.
