Economics · Macroeconomics

'Capital deepening' refers to which of the following?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1An increase in the total amount of capital due to an increase in the number of workers
2Increasing the amount of labor with a given capital stock
3An increase in the amount of capital available per worker✓
4An increase in the capital stock due to new technology

Correct answer

An increase in the amount of capital available per worker

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'Capital deepening' refers to which of the following?

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'Capital deepening' refers to which of the following?

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