The aggregate production function shows the for given levels of labour and capital inputs.
A) returns to scale
B) the production possibilities boundary
C) marginal product of capital
D) marginal product of labour
E) total output for society (real GDP)
Correct Answer:
Verified
Q63: An aggregate production function exhibits constant returns
Q64: One of the benefits of long- run
Q65: The compounding of economic growth rates means
Q66: A person who returns to school to
Q67: In new theories of "endogenous growth", increasing
Q69: In the long run, changes in average
Q70: For a given level of private saving,
Q71: In the Neoclassical growth model, decreases in
Q72: If GDP in a richer country grows
Q73: In the Neoclassical growth model, whenever diminishing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents