The ________ function is the mathematical representation of the technological relationship between national output and inputs.
A) consumption
B) aggregate production
C) saving
D) net export

Question

Quizplus · Accepted Answer

The aggregate production function is the mathematical representation of the technological relationship between national output and inputs, including labor, capital, land, and technology. Consumption, saving, and net export are all components of aggregate demand, which represent the total demand for goods and services in an economy.

The ________ Function Is the Mathematical Representation of the Technological