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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