A country's aggregate production function refers to the value of what is produced per worker or per hour worked
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Use the following table with data for a private (no government) closed economy to answer the next question. All figures are in billions of dollars.Domestic Output or Income (RGDP = DI)Consumption$540$540560555580570600585620600640615660630If planned investment is $25 billion, then aggregate expenditures at the income level of $560 billion will be
A. $565 billion. B. $585 billion. C. $580 billion. D. $595 billion.
A minimum wage rate that is set ________ the equilibrium real wage rate creates a ________ of labor
A) below; surplus B) below; shortage C) above; surplus D) above; shortage E) equal to; shortage
A natural monopoly is one that arises from
A) patent law. B) economies of scale. C) copyright law. D) any government-imposed barrier to entry. E) mergers.
Since the 1960s, student-teacher ratios have ________ from ________ to ________.
A. decreased; 26; 15 B. increased; 15; 26 C. decreased; 17; 15 D. decreased; 35; 15