A simple production function can be written as:
A) Y = A x F (L, K) .
B) C = a + bY.
C) S = - a + bY.
D) Y=C+I+G+(X-Z) .
Correct Answer:
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Q12: The factors of production are:
A) land, labour,
Q13: To the economist, productive capital is defined
Q14: The production function shows the relationship between:
A)
Q15: Y = A x F(L, K) is
Q16: Based on a simple production function, potential
Q18: In the equation for the production function
Q19: In terms of 'growth accounting' the sources
Q20: The Solow residual is:
A) the difference between
Q21: The Solow residual found by the growth
Q22: According to the growth accounting methodology, total
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