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

question 22

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 C,where output (Y) is the economy's real GDP.As total labour and capital inputs rise,this economy will show

• A)rising GDP but falling per capita GDP.
• B)rising GDP and rising per capita GDP.
• C)rising GDP but constant GDP per capita.
• D)GDP rising more slowly than labour.
• E)GDP rising more slowly than capital.

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Definitions:

Dominican Republic

A Caribbean nation that shares the island of Hispaniola with Haiti, known for its beaches, resorts, and the richness of its cultural history including music and sports.

TV Ownership

The possession or acquisition of televisions by individuals or households, reflecting a measure of technological adoption and cultural influence.

Americans

Refers to the citizens or natives of the United States of America, encompassing a wide range of cultural, ethnic, and racial groups.

1970

A year marked by significant global and national events, including environmental activism leading to the first celebration of Earth Day.