Question
Scenario: Kenya's economy is in steadyminus state equilibrium. It has capital stock valued at$48 billion and GDP valued at$60 billion. If the depreciation rate in
Scenario: Kenya's economy is in steadyminus
state equilibrium. It has capital stock valued at$48 billion and GDP valued at$60 billion.
If the depreciation rate in Kenya is 10percent, what must be the saving rate inKenya?
A.
15 percent
B.
8 percent
C.
12.5 percent
D.
10 percent
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Dynamic Business Law
Authors: Nancy Kubasek
1st Edition
0073524913, 9780073524917
