Multiple Choice
-In the figure above, which of the following would cause an increase in real GDP?
A) a decline in the labor force
B) an improvement in technology
C) a decrease in the capital stock
D) a decline in technology
E) no change in the labor force or capital stock.
Correct Answer:
Verified
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Q10: The graphical relationship between real GDP and
Q11: The production function:
A) is linear.
B) is undefined
