The production function used in the Solow model is:
A) .
B) .
C) .
D) .
E) .

Name: The production function used in the Solow model is: A) . B) . C) . D) . E) .
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Question

The production function used in the Solow model is:
A) . 
B) . 
C) . 
D) . 
E) .

Quizplus · Accepted Answer

The production function used in the Solow model is:
Y = F(K,AL), where Y is output (real GDP), K is the capital stock, A is the level of technology, and L is labor. Choice C contains the correct variables and form for the production function.

The Production Function Used in the Solow Model Is