The Table Below Shows Various Values of Labour (L),capital (K),and

question 62

Multiple Choice

The table below shows various values of labour (L) ,capital (K) ,and technology (T) for Economies A,B,and C.In each case,the aggregate production function takes the following form: Y = T × TABLE 25-4 Refer to Table 25-4.Consider the changes shown for L,K,and T for Economy A,where output (Y) is the economy's real GDP.As total labour input rises,this economy will show

• A)rising GDP and rising per capita GDP.
• B)rising GDP but falling per capita GDP.
• C)rising per capita GDP and output rising faster than capital.
• D)GDP rising more slowly than capital but per capita GDP falling.
• E)declining GDP and declining per capita GDP.

---

Definitions:

Alzheimer's Disease

A chronic neurodegenerative disease that usually starts slowly and progressively worsens, being the most common cause of dementia.

Elderly

Pertaining to individuals of an advanced age, typically considered to be those who are 65 years old and above.

Major

A primary area of study in higher education upon which a student focuses during their undergraduate degree program.

Mild Neurocognitive Disorder

A condition involving modest cognitive decline from a previous level of performance, but not severe enough to interfere with daily activities.