Solved

GDP Can Be Represented by the Equation: GDP = F

Question 26

Multiple Choice

GDP can be represented by the equation: GDP = F x (Fe/F) x (GDP/Fe) . This equation tells us that real aggregate output can be expressed as factor


A) price times the utilization rate times GDP per capita.
B) utilization times equilibrium factor price times factor productivity.
C) supply times the equilibrium factor price times GDP per capita.
D) supply times the factor- utilization rate times factor productivity.
E) supply times equilibrium factor price times factor productivity.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents