Consider the data in the previous question: If 10% of all machines become worthless every year (they

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Consider the data in the previous question: If 10% of all machines become worthless every year (they depreciate, in other words), then how many machines will become worthless in these three countries this year? Are there any countries where the amount of depreciation is actually greater than GDP? (This question reminds you that “More machines mean more machines wearing out.”)
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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