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Thomas Piketty's historical analysis centers on the equation k > g. What does this equation from Piketty's work say? Select one: a. Returns on capital
Thomas Piketty's historical analysis centers on the equation k > g. What does this equation from Piketty's work say?
Select one:
a. Returns on capital are greater than the growth rate of the economy.
b. The rate of capital accumulation is greater than the population growth rate.
c. Interest rates paid on loans are greater than interest rates paid on deposits.
d. Real wage growth is greater than the rise in labor productivity.
e. Capital per worker is greater than the rate of capital depreciation.
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