Refer to the following figure when answering Figure 5.3: Solow Diagram -In Figure 5.3, at K₁, the difference between $\bar { s } Y$ and $\bar { d } K$ Is ________ and the difference between Y and $\bar { s } Y$ Is ________. A) output; investment B) net investment; consumption C) gross investment; consumption D) output; consumption E) depreciation; gross investment

Question

Quizplus · Accepted Answer

The difference between $\bar { s } Y$ (savings) and $\bar { d } K$ (depreciation) is net investment. The difference between Y (output) and $\bar { s } Y$ (savings) is consumption.

Refer to the Following Figure When Answering Figure 5 sˉY\bar { s } YsˉY

Refer to the Following Figure When Answering
Figure 5 $\bar { s } Y$