GDP Can Be Represented by the Equation: GDP = F

question 39

Multiple Choice

GDP can be represented by the equation: GDP = F x (Fe/F) x (GDP/Fe) . This equation tells us that any change in real GDP can be decomposed into changes in

• A)factor supply, productivity and factor- utilization rates.
• B)factor supply, productivity and the investment rate by businesses.
• C)factor price, productivity and the investment rate by businesses.
• D)factor price, productivity and factor- utilization rates.
• E)factor supply, productivity and per capita consumption by households.

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Definitions:

Participants

Individuals who take part in an activity or event, especially one involving research or a particular study.

Ideal Number

The most suitable, perfect, or desirable number for a particular purpose or situation.

Workplace Teams

Groups of employees who work together towards common goals within an organization.

Homogeneous

Composed of parts or elements that are all of the same kind; not heterogeneous.