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The GSS has indicated that the output for 2013 was US$100 million and increment by 20%, 16.67%, 10.71%, 6.45% and 3.03% for the following five years...
The GSS has indicated that the output for 2013 was US$100 million and increment by 20%, 16.67%, 10.71%, 6.45% and 3.03% for the following five years after the initial output produced. The capital output ratio has been estimated to be three.
a. Find the net investment foe all the periods.
b. What happens to net investment when incremental output is smaller each period?