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

Question

Quizplus · Accepted Answer

The supply of real GDP is determined by the factors of production available in the economy, which include the quantities of labor and capital, as well as the state of technology. These elements influence the economy's productive capacity and thus its supply of goods and services.

The Supply of Real GDP Is a Function of