Question
What explains the long-run growth of aggregate GDP? Is it possible for an economy to continue growing forever solely by accumulating more capital? How does an increase in the tax rate on income from capital affect economic growth? Give examples.
Thank you
Please see... View the full answer
Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.
Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.
Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!
