The supply of real GDP is a function of
A)the total expenditures of consumers, investors and government.
B)the quantities of labour, capital and the state of technology.
C)only the state of technology.
D)the sum of wages, salaries, corporate profits, rents and interest.

Question

Quizplus · Accepted Answer

The supply of real GDP is determined by the quantities of labor, capital, and the state of technology, as these factors influence the productive capacity of an economy.

The Supply of Real GDP Is a Function of