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.
The rich made sure only they could get education and all the right tools, etc. So the poor were left out of the advantages that rich people kept hoarding. So the poor were rarely able to catch up.
Idk but like hey good luck sir I believe in you
Answer:
Explanation:
<em>Classification of activities as value-added or non-non-value-added of Rich Novelty Company:-
</em>
(a) Machine setup - non-value-added
(b) Design engineering - value-added
(c) storing inventory - non-value-added
(d) Moving work in process - non-value-added
(e) Inspecting and testing - non-value-added
(f) Painting and packing - value-added
Notes:-
1. Value--added activities of a company processes that increase the observed value of a product or service to customers.
2. Non-value-added activities of a company processes that decrease the observation value its product or service.
