The factors of production that produce real GDP are
A) labour, human capital, physical capital, land and entrepreneurship.
B) labour, physical capital and entrepreneurship.
C) labour, human productivity, physical capital and entrepreneurship.
D) money, labour and capital productivity.
E) labour, human capital and entrepreneurship.
Correct Answer:
Verified
Q31: Suppose that Australia has fully employed all
Q32: Q33: The supply of labour is defined as Q34: When the labour market is in equilibrium, Q35: The effect of an increase in population Q37: The production function displays![]()
A)
A) increasing returns.
B) 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