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

Name: In the Solow model production function,Y = F(A,K,eL),eL stands for: A) efficiency. B) liquidity. C) elasticity. D) human capital.
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Quizplus · Accepted Answer

In the Solow model production function, eL represents human capital, which refers to the knowledge, skills, and experience of workers that contribute to economic output. Therefore, the best choice is D.

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