What happens to GDP when capital increases?
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I have an idea for the answers but I wanted to see if I was right. Can someone help?
Answer:
GDP is calculation of production within the economy in a given period of time.
Increase in capital would give a direct effect to the GDP. However in the the long run, we can anticipate some new production from that capital injection.
with an increase in capital there should be a subsequent increase in gdp
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Economics question?
I have an idea for the answers but I wanted to see if I was right. Can someone help?
Answer:
GDP is calculation of production within the economy in a given period of time.
Increase in capital would give a direct effect to the GDP. However in the the long run, we can anticipate some new production from that capital injection.
with an increase in capital there should be a subsequent increase in gdp
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