An exploration of the factors underlying an economy's capital stock and its level of technology indicates that the relevant time frame is the medium long medium run. Factors that one might explore to understand the pace at which a country's capital stock and its level of technology are advancing include the (Check all that apply .)

A. quality of its education system.

B. saving rate.

C. number of firms.

D. state of consumer confidence.

E. role of the government.

Question

Finley Arias

Business

11 April, 23:25

An exploration of the factors underlying an economy's capital stock and its level of technology indicates that the relevant time frame is the medium long medium run. Factors that one might explore to understand the pace at which a country's capital stock and its level of technology are advancing include the (Check all that apply .)

A. quality of its education system.

B. saving rate.

C. number of firms.

D. state of consumer confidence.

E. role of the government.

+3

Answers (1)

Know the Answer?

Essence · Answer 1

The correct answer are: A. quality of its education system. B. saving rate. and E. role of the government.

Explanation:

The stock of capital is a fundamental variable in economic analysis, especially for economic growth studies. The level of capital stock, together with measurements of labor (labor), constitute the factors that allow analyzing the production function of an economy; as well as determine the long-term growth patterns of it.