The long run equilibrium level of national income is... - Solved MCQs & Answer

2911EconomicsMedium

The long run equilibrium level of national income is the level at which?

AAll investment is used to maintain the existing capital stock at its current level

BEconomic growth is growing

Ceconomic growth is Zero

DAll investment is used in the manufacturing sector

Correct answer

A. All investment is used to maintain the existing capital stock at its current level

Explanation

The correct answer is All investment is used to maintain the existing capital stock at its current level.

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