In the Solow model production function,Y = F(A,K,eL),K stands for:
A) kurtosis.
B) consumption.
C) physical capital.
D) human capital.

Name: In the Solow model production function,Y = F(A,K,eL),K stands for: A) kurtosis. B) consumption. C) physical capital. D) human capital.
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Question

Quizplus · Accepted Answer

K in the Solow model production function stands for physical capital. It represents the stock of physical goods such as machinery, buildings, and equipment used in the production process.

In the Solow Model Production Function,Y = F(A,K,eL),K Stands For