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What is a capital good and what is a consumer good? How does an economy's choice about how many of its resources to devote to capital goods production as compared to consumer goods production affect its curent standard of living and its future standard l

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What is a capital good and what is a consumer good?  How does an economy's choice about how many of its resources to devote to capital goods
production as compared to consumer goods production affect its curent standard of living and its future standard living?

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